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Daily Debrief: What Happened Today
Pressures are mounting for developers to dispose of leftover units in projects affected by the qualifying certificate (QC) rules and the additional buyer's stamp duty (ABSD).
Singapore can double the number of flights handled annually to 700,000 by the end of next decade, said Senior Minister of State for Transport Josephine Teo. This is when Changi Airport's Terminal 5 is up and running, she said in a media interview at the Singapore Airshow on Thursday morning.
SMRT Corp plans to hire an additional 1,200 staff for its rail and bus businesses and raise the salaries of its bus captains, the land transport company said on Thursday.
Singapore Telecommunications (Singtel) and Swedish telecom gear maker, Ericsson, will achieve nationwide deployment in Singapore of a 4G LTE network on 900MHz spectrum band by end-March 2016.
Sembcorp Industries' power plant, Thermal Powertech Corporation India (TPCIL), which owns and runs a 1,320-megawatt coal-fired power plant in Krishnapatnam in Andhra Pradesh's SPSR Nellore district, has signed a long-term power purchase deal with the Telangana Power Distribution Companies.
Indonesia's central bank, trying to help speed up sluggish economic growth, on Thursday cut its benchmark interest rate for the second time this year and lowered the banking sector's reserve requirements in another easing move.
- Palm oil weakness drags down Wilmar Q4 earnings
- Innovalues Q4 profit slips 10.8% to S$4.85m
- Genting Singapore turns in S$7.8m loss for Q4
- iFast Q4 profit triples to S$2.9m in absence of IPO expenses
- CWT profit slips 3%; extra 6 cent per share dividend declared
- Hyflux full-year profit falls 28% on weaker divestment gains
The STI Today
A rise in oil prices and an overnight rally on Wall Street helped the Straits Times Index (STI) gain 43.78 points or 1.7 per cent at 2,657.57 on Thursday. Turnover was a robust 1.2 billion units worth S$1.3 billion and excluding warrants there were 278 rises versus 110 falls.