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Daily Debrief: What Happened Today
Singapore Exchange (SGX) is looking into a raft of potential changes to the structure of the stock market, including scrapping automatic penalties for buy-ins, reviewing its calculation of the minimum trading price (MTP) and studying the need for quarterly reporting and dual-class shares, chief executive Loh Boon Chye announced on Thursday.
Singapore's total employment grew by 31,800, or 0.9 per cent, in 2015 compared with a year ago, making it the lowest annual growth since 2003, the Ministry of Manpower (MOM) said on Thursday.
Noble Group's chief executive officer said the region's top commodity trader still has the support of its banks, stepping up efforts to restore confidence after shareholders backed the sale of its agricultural unit and the company nibbled away at its debt burden by buying back bonds.
The upcoming supply of industrial space this year is expected to exert further downward pressure on occupancy rates, said JTC on Thursday.
Shares in Singapore Post (SingPost) fell further on Thursday, prompting a query from the Singapore Exchange (SGX) for unusual price movements.
GrabTaxi is now known as Grab, in a rebranding that the South-east Asian ride-booking platform says will reflect all of its services beyond just taxis, which include private cars (GrabCar), motorcycle taxis (GrabBike), social carpooling (GrabHitch) and last mile delivery (GrabExpress).
Malaysia trimmed its growth expectations for 2016 after a decline in oil prices crimped the outlook for exports and government revenue. Prime Minister Najib Razak is counting on consumers to hold up the economy, finding ways to put more money in their pockets.
- AIMS AMP Reit Q3 FY16 DPU up 0.7% to 2.85 cents
- CDL Hospitality Trusts Q4 DPSS slips 3.8% to 3.01 Singapore cents
- Yoma's Q3 FY16 net profit boosted by other gains
The STI Today
The Straits Times Index on Thursday finished with a rise of 16.27 points at 2,562.45 thanks mainly to an afternoon push that came when the Dow futures rose 120 points and Europe opened in the black.