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Daily Debrief: What Happened Today
The Ministry of Communications and Information (MCI) and the Cyber Security Agency of Singapore (CSA) have called for public feedback on the proposed Cybersecurity Bill which is likely to be tabled in Parliament later this year.
Early Monday, Singapore sovereign wealth fund GIC warned about stretched market valuations and investor complacency despite looming risks. It stressed that high valuations and low economic growth rates might weigh on future returns.
The Human Resource (HR) Industry Manpower Plan to transform the HR sector was unveiled on Monday, with tripartite partners welcoming it as a "timely and essential development to support employees and employers in Singapore's next phase of growth".
Confirming market speculation, struggling commodity trader Noble Group said on Monday that Abu Dhabi's Goldilocks Investment Company has raised its stake in the firm.
All claims filed at the Small Claims Tribunals will now be filed online, as the first phase of the State Courts' Community Justice and Tribunals System (CJTS) kicked off on Monday.
Singapore Telecommunications (Singtel) has priced the initial public offering (IPO) of NetLink NBN Trust at 81 Singapore cents per unit, coming near the low end of its marketing range.
Mergers and acquisitions (M&As) among the top 50 consumer goods giants have fallen sharply from US$226 billion in 2015 to US$50 billion in 2016, based on a report by OC&C Strategy Consultants.
Engineering group Miyoshi Limited posted a third-quarter net profit of S$408,000, a reversal from a net loss of S$366,000 in the previous year, the group said in a Singapore Exchange filing on Monday morning.
The STI Today
The Straits Times Index on Monday managed a 17.34 points rise to 3,246.35 in a quiet but firm session in which a low 1.9 billion units worth S$858 million were traded. The index's rise was in tandem with gains in the Dow futures and in Hong Kong, where the Hang Seng Index rose 0.6 per cent.