Daily Debrief: What Happened Today

Singapore's electricity retail market to be fully opened to competition by 2018

Singapore's electricity market will be fully liberalised by 2018, with all consumers including households being able to choose their own electricity retailers, said Minister for Trade and Industry (Industry) S Iswaran on Monday.

Singapore Sept factory output declines 4.8%, worse than forecast

Singapore's industrial output declined 4.8 per cent year-on-year in September, falling more than the market's expectations. Apart from the biomedical manufacturing and chemicals clusters, all clusters posted a drop in production.

Oxley to issue up to S$125m in 4-year bonds

Oxley Holdings Limited said on Monday that it will issue an offer of up to S$125 million of four-year 5 per cent bonds due 2019.

FSL Trust in MOU to buy product tanker for US$21.8m

First Ship Lease Trust (FSL Trust) said on Monday that it has entered into a memorandum of agreement (MOU) to purchase a medium range product tanker for US$21.8 million.

ValueMax files police report on an outlet employee

ValueMax Group announced on Monday that it has discovered a probable case of criminal breach of trust by an outlet employee and has filed a police report on Oct 24.

A China twist: why are malls closing if consumption is rising?

[SHANGHAI] The Di Mei shopping centre in downtown Shanghai is a surprisingly depressing place to shop.

Corporate Earnings

Raffles Medical's Q3 profit up 1.2%

Raffles Medical Group marked a 1.2 per cent year-on-year rise in net profit to S$15.6 million in the third quarter ended Sept 30.

The STI Today

Singapore shares close 0.5% up on Monday

Local shares ended 0.5 per cent higher on Monday, with the Straits Times Index ending 14.61 points up at 3,083.07.