Daily Debrief: What Happened Today
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Buy-in penalties, quarterly reporting targeted in sweeping review of SGX rules
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 employment growth in 2015 slowest since 2003: MOM
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 CEO says banks behind it as agri deal approved
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.
Prices, rents of industrial space slip further in Q4: JTC
The upcoming supply of industrial space this year is expected to exert further downward pressure on occupancy rates, said JTC on Thursday.
SingPost shares dive again on Thursday, prompting SGX query
Shares in Singapore Post (SingPost) fell further on Thursday, prompting a query from the Singapore Exchange (SGX) for unusual price movements.
GrabTaxi now Grab; rebranding reflects all services
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 trims growth expectations as burden shifts to consumers
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.
Corporate Earnings
The STI Today
Singapore shares close slightly higher after rise in Dow futures, Europe
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.
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International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year