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Daily Debrief: What Happened Today
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THE Institute of Chartered Accountants in England and Wales (ICAEW) in a report on Tuesday that "as a small and open economy that is heavily dependent on exports, Singapore's growth will likely be the most negatively affected."
THIS is in the face of three global trends: the rapid rise of new technologies; declining support for globalisation; and the growing economic and strategic weight of Asia, along with resulting shifts in supply chains.
KEPPEL Corp associate company Floatel International is merging with Oslo-listed Prosafe to create the world's largest offshore accommodation company, according to exchange filings on Tuesday.
THAM who was the non-executive vice-chairman of ACE, has admitted to contravening the Securities and Futures Act, and has paid MAS the penalty without court action.
APRIL’S growth was dominated by IT, telecommunications, business process outsourcing (BPO) and IT-enabled services industries (ITES), which saw online hiring rising 39 per cent year on year, easing marginally from 40 per cent the month before.
PRIVATELY-HELD Evia Real Estate Management and listed Metro Holdings have secured a $296.3 million four-year green loan to finance partially their 50:50 acquisition of a pair of Grade-A eco-friendly office towers, 7 & 9 Tampines Grande Singapore.
The STI today
THE Straits Times Index (STI) built on Monday's gains to close at 3,142.37, up 18.91 points or 0.6 per cent on Tuesday.