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Daily Debrief: What Happened Today
Singapore Exchange (SGX) has submitted a non-binding bid to buy The Baltic Exchange, the exchange revealed in an announcement. The Baltic Exchange provides market information on the maritime market, used by shipbrokers, owners and operators, traders, financiers and charterers.
Manufacturing output in Singapore declined by a less-than-expected 0.5 per cent year-on-year in January, as expansions in the electronics and biomedical manufacturing clusters offset declines in all other areas.
The median monthly household income from work rose to S$8,666 in 2015 from S$8,292 in 2014, up 4.9 per cent in real terms, Singapore's Department of Statistics said on Friday.
Singapore Exchange (SGX) is consulting the public on plans to impose a 10 per cent minimum on the public tranche of Mainboard initial public offerings (IPOs), a higher hurdle than it had earlier proposed.
Business receipts for Singapore's services industry were flat in the fourth quarter of 2015, posting only a 0.2 per cent increase year-on-year.
Keppel Land has in recent weeks divested its stakes in two property companies in Sri Lanka and Vietnam. The property arm of diversified marine conglomerate, Keppel Corp, said the sales were part of a continual focus to strengthen its presence in its core markets and growth cities, as well as an effort to recycle assets for higher returns.
Spring Singapore reported on Friday it had helped over 20,000 enterprises and 300 startups with restructuring efforts in 2015, about twice the number of companies it had supported in 2014.
- ST Engineering's FY2015 net profit slips 0.5%, expects comparable 2016 pre-tax profit
- Indofood Agri Q4 net profit down 22.5% to 174.6b rupiah
- Sapphire posts 2015 profit of S$6.5m, boosted by Ranken acquisition
- Aztech sinks into the red in Q4
- Mewah Q4 profit falls 79%; full-year earnings more than double
The STI Today
Over the course of the past five days, trading in the Straits Times Index (STI) was directed mainly by external considerations, namely oil prices, the Dow futures and China. All three rarely moved in tandem with one another, making for a volatile week here - the STI rose on Monday and Tuesday, fell on Wednesday and Thursday, then rebounded on Friday.