Daily Debrief: What Happened Today
Stories you might have missed
Sembcorp sells commercial construction business to Chip Eng Seng for S$49.9m
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 unit gets regulatory nod to acquire 30% stake in two Norwegian Sea licences
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.
New ride-hailing players boost Singapore drivers' earnings, cut fares: NUS study
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.
Utico to open Singapore office as part of regional growth plan
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.
VibroPower proposes S$1.8m rights cum warrants issue to fund business expansion
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
Singapore shares slump 1.4% after US manufacturing data shock
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
Dubai’s financial centre expects ‘busiest year’ as firms rush in
Israel strikes Gaza city of Rafah after evacuation order
Britain's King Charles III marks first anniversary of coronation
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader