Daily Debrief: What Happened Today

Keppel Corp to merge S$26b in asset management businesses in major restructuring

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.

Singapore inflation eases to -0.5% in 2015, from 1% in 2014

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.

SGX seeks to break LNG's price link to oil

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.

Vallianz to place 550m new shares at 4.3 Singapore cents each

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 strikes agreement with other lenders of China Fishery to terminate liquidators

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.

New CEO appointed for IE Singapore

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.

Corporate Earnings

The STI Today

Singapore shares close higher - but only just, as STI sheds 40 points from intraday high

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.