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Daily Debrief: What Happened Today
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SENIOR Counsel N Sreenivasan, in his cross-examination of OCBC Securities remisier Ng Kit Kiat, queried Mr Ng at length about his police statement, in which he fingered John Soh and co-defendant Quah Su-Ling as the ones placing unauthorised trades for accounts held in the names of six others.
THE rescue deal that Hyflux intends to put to a creditors' vote on April 5 does not have the endorsement of Salim-Medco, the Indonesian investor group led by billionaire Anthoni Salim reiterated on Thursday.
OUT of his total remuneration, Mr Gupta saw increases in his cash bonus and share plan to S$4.5 million and S$6.1 million respectively, on top of salary of S$1.2 million, unchanged from the previous year.
DEPOSIT insurance will rise to S$75,000 to give savers more protection in the event of bank or finance company failure and insurance policy owners who use their cars or homes to generate income will now also be protected should their insurer go under.
THE decline was driven by a 1.5 per cent decrease in prices for apartments in the central region, excluding small units.
The STI today
SINGAPORE stocks closed marginally higher on Thursday, with the Straits Times Index up 0.16 per cent or 5.19 points to 3,203.58.