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Daily Debrief: What Happened Today

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Singapore's total bank lending in August rose 0.3 per cent from July, on the back of higher loans to financial institutions, central bank data showed on Friday.

Singapore August bank lending up 0.3%
Singapore's total bank lending in August rose 0.3 per cent from July, on the back of higher loans to financial institutions, central bank data showed on Friday. 


Old Zouk site up for public tender
THE Urban Redevelopment Authority (URA) has accepted an application from a developer to put up a residential with first storey commercial site at Jiak Kim Street for sale by public tender, which will be launched in two to three weeks.


West Coast housing site available for application on reserve list
THE Urban Redevelopment Authority (URA) on Friday released the detailed sales conditions for a 99-year private housing site along West Coast Vale.


Singapore investments in Latin America, the Caribbean still growing
SINGAPORE is seizing investment opportunities in Latin America and the Caribbean (LAC) beyond traditional sectors of commodities, oil and gas, and infrastructure.

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TT International receives notice of appointment of receivers for Big Box
STRUGGLING consumer electronics retailer TT International has received a notice of appointment of receivers over its 51 per cent-owned subsidiary, Big Box Pte Ltd (BBPL) and is seeking legal advice on the appointment, it announced on Thursday evening.


AusGroup to convert some S$5.3m of outstanding debt into new shares
HOLDERS of AusGroup notes with a total principal amount of some S$5.3 million have taken up the oilfield services firm's offer to exchange debt for new shares in the company.


Keppel's BrasFELS shipyard delivers its 5th FPSO project for MODEC
KEPPEL FELS BraSil's BrasFELS shipyard in Brazil, a wholly owned subsidiary of Keppel Offshore & Marine, has delivered its fifth Floating Production Storage and Offloading (FPSO) vessel to MODEC Offshore Production Systems (Singapore), an EPCI (engineering, procurement, construction and installation) arm of the MODEC, Inc group (MODEC).


ST Aero injects capital into aircraft leasing unit
SINGAPORE Technologies (ST) Engineering's aerospace arm ST Aerospace has injected US$10.5 million into ST Aerospace Resources for a flow through injection into Keystone Holdings (Global) to expand its aircraft leasing business.


 

The STI Today

Singapore stocks finish Friday mixed, STI flat for the week
ON Friday, softness in the banks left the Straits Times Index (STI) 7.23 points weaker at 3,219.91, although month-ending window-dressing took the index off its intraday low of 3,200. For the week, the index lost just one point.