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Daily Debrief: What Happened Today
Developers sold 384 private homes in December 2015, down from 759 units in November 2015 but higher than the 230 units sold in December 2014.
Once more, a massive double-digit surge in motor vehicle sales pulled up Singapore's retail sales in November. In year-on-year terms, retail sales grew 4.7 per cent, according to data released by the Department of Statistics on Friday.
Singapore-listed commodity trader Noble Group's default risk rose the most in Asia this year as a deepening resources slump threatens to worsen the imbalance between the company's cash flows and liabilities.
Mergers and acquisitions (M&As) should see a pick-up this year, with PACC Offshore and Sembcorp Marine as prime candidates, said a Maybank-Kim Eng Research report on Friday.
Mainboard-listed Sakae Holdings has said in a filing to the Singapore Exchange that the trial for the suits filed by the company against various defendants would begin on Friday in the Singapore High Court.
Stocks are losing their last line of defense.
The STI Today
The first week of 2016 saw the Straits Times Index lose 4.6 per cent whilst the second, which is the one just past, saw it drop 121 points or 4.4 per cent. In all, 2016's loss to date has been about 252 points or 8.7 per cent - more, if US dollars are used.