Daily Debrief: What Happened Today
Stories you might have missed
Review employment pass, workfare income supplement criteria: NTUC
The Singapore labour movement has submitted its seven-page list of recommendations to the Ministry of Finance ahead of Budget 2016, including requests to review the employment pass (EP) and workfare income supplement criteria.
Noble records US$1.7b loss for 2015
Noble Group fell deeply into the red in the 2015 financial year, recording a loss of US$1.7 billion, as the weight of a US$1.9 billion impairment bore down on the firm.
Changes to takeover code address competitive bids, boards' roles, timings
The Monetary Authority of Singapore (MAS) will introduce changes to the Code on Take-overs and Mergers from March 25 to address the resolution of competing offers, the role of offeree boards and disclosure timeliness, the financial sector regulator announced on Thursday.
Next-generation ERP in action from 2020
The next-generation Electronic Road Pricing (ERP) system will be operational from 2020 at a cost of S$556 million.
CMT issues S$100m in 10-year debt at 3.5%
The manager of CapitaLand Mall Trust (CMT) on Thursday said CMT has issued S$100 million in 10-year fixed rate notes at a rate of 3.5 per cent per annum to institutional and accredited investors.
China: Stocks close down over 6%, worst loss in a month
China stocks tumbled more than 6 per cent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.
Corporate Earnings
The STI Today
Singapore stocks finish weaker after 6.4% plunge in Shanghai index
The simple reason for the Straits Times Index's 16.56 points loss at 2,603.4 on Thursday could be that it was in response to a 6.4 per cent fall in the Shanghai Composite and weakness in the Dow futures which signalled a down session later for the Wall Street.
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International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations