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Daily Debrief: What Happened Today
In a major restructuring exercise, Keppel Corporation is planning to merge S$26 billion worth of its asset management businesses under wholly-owned subsidiary Keppel Capital to grow the contributions from its investment division.
Full-year core inflation - which excludes the costs of accommodation and private road transport - moderated significantly to 0.5 per cent, from 1.9 per cent in the preceding year.
Singapore Exchange Ltd wants to break the liquefied natural gas market's reliance on oil as a pricing peg as the city-state seeks to solidify its role as Asia's energy trading hub.
Offshore-related Vallianz Holdings has agreed on Jan 24 to place 550 million new shares at S$0.043 each to two units of China's state-owned supplier of rail transit equipment for S$23.65 million.
HSBC, the bank that called in the liquidators on upstream fisher and fishmeal producer China Fishery Group last year, has now struck an agreement with the company and its other lenders.
The current Deputy Secretary (Trade) of the Ministry of Trade and Industry, Lee Ark Boon, will be appointed chief executive of International Enterprise (IE) Singapore from Feb 1.
The STI Today
There was just about sufficient follow-through momentum - possibly mainly through short-covering - from Friday's bounce to enable the Straits Times Index (STI) to rise 5.55 points to 2,582.64 on Monday, but an indifferent performance by key overseas markets meant the index closed well below its intraday high of 2,622 points.