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Singapore Wrap Friday
Today's notable stories
- Noble rebuts Muddy Waters' allegations
Noble Group has issued a line-by-line rebuttal of allegations raised by Muddy Waters, "categorically rejecting their allegations as inaccurate, unreliable and misleading".
- Foreign PMETs not displacing local PMETs: Tan Chuan-Jin
Foreign professionals, managers, executives and technicians (PMETs) are not displacing local PMETs in Singapore's job market, clarified Manpower Minister Tan Chuan-Jin in a blogpost.
- New UniSIM pathway soon for individuals in SkillsFuture Earn-and-Learn programmes
Individuals who complete the SkillsFuture Earn-and-Learn programmes (ELP) will soon have access to an alternative progression route into relevant UniSIM undergraduate degrees, by way of advanced standing or credit exemption, announced Deputy Prime Minister Tharman Shanmugaratnam on Friday at UniSIM's 10th anniversary lunch.
- Singtel sharpens digital strategy, refreshes leadership team
After a recent review of Group Digital Life set up in 2012 to help capture opportunities in the digital world, Singtel will now focus on three key businesses in digital life - digital marketing (Amobee), regional premium video (HOOQ) and advanced analytics and intelligence capabilities (DataSpark).
- SMRT unit in JV with Faiveley Transport to offer MRO services for rolling stock
SMRT subsidiary Singapore Rail Engineering (SRE) and Faiveley Transport, a global manufacturer and supplier of railway equipment, have entered into a joint venture agreement to market and supply maintenance, repair and overhaul (MRO) services for rolling stock components in South-east Asia.
- Singapore: Hong Kong's rally, penny stocks and Noble are main features
There were three main features worthy of talking about in the past week - Hong Kong's massive outperformance which has led to more than the usual envious glance from local players, a sudden resurgence of interest in micro-penny stocks after more than a year of no interest and a second short-selling attack on Noble Group in three months, this time by well-known short seller Muddy Waters. The Straits Times Index on Friday rose 12.08 points to 3,472.38, bringing its gain for the week to 20 points or 0.6 per cent.