Daily Debrief: What Happened Today

CAD seized private banker's 12 bank accounts with nearly S$10m in 1MDB probe

Singapore's white-collar crime buster, the Commercial Affairs Department (CAD), seized 12 accounts holding some S$9.7 million of Yak Yew Chee, a senior private banker of wealth manager BSI Singapore, court documents revealed.

Noble's bank debt prices signal concern that worst isn't over

For all the steps Noble Group Ltd has taken to shore up its cash, investors in its bank debt are signaling concern that the worst isn't over for the commodities trader after its ratings were cut to junk.

SGH campus to get 20-year makeover under redevelopment masterplan

Singapore's largest healthcare hub, the Singapore General Hospital (SGH) campus, will undergo major redevelopment spanning 20 years, to meet the growing needs of the population.

UE to sell MFlex unit to Suzhou Dongshan at US$23.95 per share

Engineering and property group, United Engineers (UE), on Friday said it is looking to dispose its indirectly-owned subsidiary, Nasdaq-listed MultiFineline Electronix (MFlex), to Shenzhen-listed stamping and sheet metal manufacturer, Suzhou Dongshan Precision Manufacturing.

SGX alleges dominance of connected individuals in recent buying of Zhongmin Baihui shares

The Singapore Exchange (SGX) is reviewing trading in Zhongmin Baihui Retail Group after finding that a small group of individuals accounted for almost all the buy volume in the stock since October 2015, the market operator said on Friday after the market closed.

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The STI Today

6.3% jump in Singtel helps push STI up 2.5%

And so it goes on. It was yet another volatile week for the Straits Times Index as it danced in tandem with rises and falls in oil prices, the Dow futures, and to a slightly lesser extent, stock prices in Hong Kong and Shanghai - extending a run of volatility that stretches back many months. On Friday, thanks to a heavy push on Singtel that added 20 points to the STI, the index gained 64.72 points or 2.5 per cent at 2,623.21, enabling it to reduce its loss for the week to just 6 points.