Daily Debrief: What Happened Today

Mandai to develop into nature and wildlife destination with 2 new parks

Mandai will become an integrated nature and wildlife destination with a new bird park and rainforest park by end 2020.

CPF Board recovers S$516m of arrears from employers in 2015

CPF arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers.

IDA announces new 4G quality-of-service standards for telcos

The IDA standards relate to mobile coverage in Singapore. Mobile network operators have to cover 95 per cent of outdoor areas from July. This will increase to at least 99 per cent a year later.

Metro Holdings appoints new CEO

Acting group chief executive officer of publicly-listed retail and property group Metro Holdings, Lawrence Chiang, has been appointed as the group CEO and executive director of the company with effect from June 1, Metro said in a release to the Singapore Exchange on Wednesday.

Hot stock: Yeo Hiap Seng up more than 12% after report claims no plans to delist

Shares of Yeo Hiap Seng jumped more than 12 per cent on Wednesday from the previous day's close, prompting a query from Singapore's bourse operator.

Technics O&G seeks suspension in trading of shares

Technics Oil & Gas on Wednesday requested to suspend trading in its shares 20 minutes before market close.

Tycoon pays deposit for proposed S$560m acquisition of Straits Trading Building

In a filing to the Singapore Exchange, MYP Ltd said that "1 per cent of the purchase consideration of S$560 million has been paid as deposit for the proposed acquisition".

Corporate Earnings

The STI Today

Singapore shares close weaker for third straight session

The Straits Times Index (STI) on Wednesday tracked the futures contract on the Dow Jones Industrial Average closely throughout the day. A 50-point rise in the Dow futures in the morning helped the STI move into the black, but by 5pm when the former had dropped 20 points into the red, so did the STI.