You are here
Daily Debrief: What Happened Today
Sembcorp Industries has signed an agreement to sell the commercial construction business under its subsidiary to Chip Eng Seng Corp's unit for about S$49.9 million, both mainboard-listed firms said in separate bourse filings on Wednesday.
Rex International said on Wednesday that its unit Lime Petroleum AS has received regulatory approval to acquire a 30 per cent interest each in two Norwegian Sea drilling licences from DEA Norge.
Healthy competition in Singapore’s ride-hailing market has been beneficial to both drivers and riders over the past year, according to research findings by the National University of Singapore (NUS) released on Wednesday.
Middle Eastern full-service utility provider Utico is looking to enter Singapore with an upcoming project development, operations and marketing office in the city-state.
Watch-listed VibroPower Corporation is looking to issue up to S$1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to finance the expansion of its businesses, it said in a filing late on Tuesday night.
The STI Today
Two sessions into the month and market sentiment has already greatly whipsawed, with the local benchmark more than erasing Monday's gains as investors were jolted by US recession fears after August factory activity hit levels not seen since June 2009.