Daily Debrief: What Happened Today

Singapore business confidence improves further in Q3

Business confidence in Singapore has displayed further signs of improvement for the second consecutive quarter in Q3 2017, according to the business optimism index study released by the Singapore Commercial Credit Bureau (SCCB) on Tuesday.

Singapore firms need to take up digital tech to compete: S Iswaran

Singapore companies need to embrace digital technologies to remain competitive in an increasingly networked and digitalised global business environment, said Minister for Trade and Industry (Industry) S Iswaran.

One in two charities in Singapore weak in risk management: survey

Just over half or 50.9 per cent of Charities and Institutions of a Public Character (IPCs) in Singapore do not have a formally defined policy to manage risk, or are unsure if such a policy exists.

Frasers Logistics & Industrial Trust to buy seven Australian properties for A$169.3m

Frasers Logistics & Industrial Trust (FLT) will make its first portfolio acquisition of seven fully leased or precommitted industrial properties in Australia for about A$169.3 million (S$175 million).

HSBC rolls out digital platform to connect buyers and sellers

HSBC has launched a digital platform called the HSBC Connections Hub that will enable its customers to leverage the lender's global network to connect with trusted buyers and sellers around the world.

Orion Phoenix cuts AEM stake with share sale to institutional funds

Mainboard-listed equipment systems solutions and manufacturing services provider AEM Holdings said on Tuesday several long-only institutional funds had on Monday bought 2.7 million of its shares at S$2.70 apiece from its largest shareholder, Orion Phoenix.

Trendlines to sell BioSight shares for US$1.3m

Catalist-listed Trendlines Group said on Tuesday it will sell its BioSight Ltd shares to Arkin Bio Ventures Limited Partnership that will garner pretax proceeds of about US$1.3 million.

Hot stock: Mandarin Oriental climbs 10%, Nomura upgrades stock to neutral

Mandarin Oriental International's share price climbed nearly 10 per cent on Tuesday, a day after the hotel arm of Jardine Matheson Group said it was reviewing the long-term strategic options related to The Excelsior in Hong Kong.

The STI Today

Singapore shares close 2.6 points lower

Shares in the local bourse closed lower for the second consecutive session with the key Straits Times Index losing 2.56 points to finish at 3,235.75.