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Daily Debrief: What Happened Today
BT reported in an article titled "SingPost made 'administrative oversight' " that the postal and e-commerce group said on Tuesday that it had not properly disclosed a board director's interest in a 2014 acquisition that the group had agreed to pay up to £7 million (S$14.8 million) for.
Certificate of entitlement (COE) premiums mostly slumped in the last bidding exercise of 2015, with the big car category shedding nearly 10 per cent to a four-and-a-half-year low.
Inflation in Singapore eased for the 13th straight month as latest figures showed that headline inflation came in at -0.8 per cent in November, unchanged from October.
Noble Group successfully concluded on Wednesday the terms for the disposal of its remaining 49 per cent stake in its agricultural unit to COFCO International Limited for US$750 million, with the possibility of an additional US$200 million from future value creation by the unit.
Singapore-listed Interplex Holdings Ltd, a precision engineering company backed by CVC Capital Partners and the private equity arm of Standard Chartered, is set to unveil a takeover offer from a regional investment fund as early as Wednesday, a person with knowledge of the matter said.
The STI Today
Singapore stocks ended 0.4 per cent higher on Wednesday, with the Straits Times Index rising 10.68 points to 2,863.65. The blue-chip index extended its gains following an overnight pick-up on Wall Street after data showed relatively more solid consumer spending in the United States.