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Daily Debrief: What Happened Today
After more than a year of consulting over 9,000 stakeholders, the high-powered Committee on the Future Economy (CFE) unveiled on Thursday its recommendations on how Singapore's economy can be reshaped and remain relevant to the world.
- Singapore manufacturing to be at 20% of GDP over medium term: CFE
- Quick takes: CFE paints broad strategies, key is in implementation
Singapore Airlines (SIA) has agreed to place firm orders with Boeing for 20 777-9 and 19 787-10 aircraft, with the aim of driving additional growth and fleet modernisation for the company through the next decade, it said in an announcement on Thursday.
At the EGM, disgruntled shareholders voted for the immediate removal of executive chairman Joseph Ang, 52, along with his brother and fellow director Eric Ang, 53. It also saw the removal of other directors, namely chairman of the audit committee, Lim Siang Kai, 60; Wu Chiaw Ching, 61, and William da Silva.
Singapore-listed Spindex Industries Limited has received a cash offer from its founding Tan family, who offered to acquire all the shares of Spindex at 85 cents apiece under a scheme of arrangement.
Plant and terminal engineering specialist PEC Limited has secured a seven-year contract for the largest refinery and petrochemical plant in Vietnam.
The STI Today
Noble Group reclaimed top spot in the actives list on Thursday with 250 million shares traded as rotational playing of penny stocks that started a week ago continued in full force. The FTSE ST Catalist Index jumped 0.6 per cent to new 52-week high of 512.58. This index has now risen 16.2 per cent in 2017, making it one the world's best performing indices this year.