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Daily Debrief: What Happened Today
Singapore's April headline inflation eased to 0.4 per cent year on year, down from 0.7 per cent in March - coming in a tad below expectations.
Singapore-listed Wing Tai Holdings launched a RM290 million (S$94 million) takeover offer on Tuesday for its Malaysian-listed counterpart Wing Tai Malaysia Berhad (WTM) at RM1.80 cash per share.
A wholly-owned subsidiary of Keppel Offshore & Marine has won contracts to build up to two dredgers valued at about S$120 million.
Singapore has identified four frontier technology focus areas to invest and build capabilities in that will develop a strong infocomm media foundation, according to Yaacob Ibrahim, Minister for Communications and Information.
Noble Group has requested for an immediate halt in the trading of its shares after they tumbled when the stock market opened on Tuesday, a day after Reuters reported that China's state-owned Sinochem was no longer interested in investing in the commodity group due to concerns over its finances and business outlook.
Vallianz Holdings said on Tuesday that it has secured long-term charter contracts valued at up to US$115 million for four vessels.
Interior-design contractor Serrano told the Singapore Exchange (SGX) that it was unaware of any reasons which could have led to its share price soaring 210 per cent on Tuesday.
The STI Today
Gains in DBS and OCBC banks helped the Straits Times Index rise 9.12 points to 3,222.69 on Tuesday, though the broad market was mixed with 224 rises versus 239 falls, excluding warrants. Turnover at 2 billion units worth S$1.1 billion was moderate by recent standards.