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Singapore Wrap Friday
Intercontinental Exchange Inc delayed the start date for its Singapore futures market a third time, another setback for the exchange operator's expansion into Asia.
While negotiations for the EU-Singapore Free Trade Agreement (EUSFTA) have come to a close with the completion of the legal scrubbing of the Investment Protection Chapter, the EUSFTA is now expected to enter into force beyond 2016.
South Korean digital marketing group Yello Digital Marketing (YDM) has acquired a majority stake in Singapore-based digital marketing startup Gushcloud in a "multi-million dollar deal", the latter said on Friday.
Multinational catering and facilities management giant, Sodexo, officially opened its regional headquarters in Singapore on Friday, as part of its expansion plans in Asia Pacific.
Mainboard-listed Yoma Strategic on Friday posted a 28 per cent year-on-year rise in net profit to S$8.16 million for the fourth quarter ended March 31, 2015, on the back of a marginal rise in revenue from S$27.5 million a year ago to S$27.6 million.
Ezion on Monday to Wednesday, Global Logistics Properties on Thursday and YuuZoo on Friday - although it would be a slight exaggeration to say that the entire week's trading could be summed up by the plays on these three stocks, there was precious little else to speak about in a week that was as forgettable as the ones that preceded it this year.