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Daily Debrief: What Happened Today
Overall business sentiment among small and medium-sized enterprises (SMEs) in Singapore has continued to worsen for the fifth consecutive quarter, according to the latest SBF-DP SME Index report released on Tuesday.
One likely reason Singapore Airlines (SIA) decided to extend the deadline for its S$453 million Tiger Airways takeover offer was that SIA was still nowhere near its goal when the offer would have originally expired.
The Housing & Development Board (HDB) launched on Tuesday a residential site at Yio Chu Kang Road for sale by public tender under the confirmed list of the second half 2015 Government Land Sales (GLS) programme.
The Land Transport Authority (LTA) is taking over SBS Transit's contracts for new bus purchases worth S$164 million scheduled for delivery in 2016 and 2017, and will also buy 50 other existing buses from SBS for S$23 million.
A Singapore Medical Council (SMC) disciplinary tribunal has censured and fined a local plastic surgeon S$10,000 for his breach of an ethical code and ethical guidelines.
The richest people on Earth became a bit poorer this year. The world's 400 wealthiest individuals shed US$19 billion in 2015, according to the Bloomberg Billionaires Index.
The STI Today
If year-ending window-dressing of the Straits Times Index is to feature in 2015, then it makes sense to position oneself appropriately just before the year ends. This sort of positional, advance buying might have played a part in the index's 12.9 points rise to 2,888.22 on Tuesday that came with poor volume of 724 million units worth S$481.5 million done.