Daily Debrief: What Happened Today

Review employment pass, workfare income supplement criteria: NTUC

The Singapore labour movement has submitted its seven-page list of recommendations to the Ministry of Finance ahead of Budget 2016, including requests to review the employment pass (EP) and workfare income supplement criteria.

Noble records US$1.7b loss for 2015

Noble Group fell deeply into the red in the 2015 financial year, recording a loss of US$1.7 billion, as the weight of a US$1.9 billion impairment bore down on the firm.

Changes to takeover code address competitive bids, boards' roles, timings

The Monetary Authority of Singapore (MAS) will introduce changes to the Code on Take-overs and Mergers from March 25 to address the resolution of competing offers, the role of offeree boards and disclosure timeliness, the financial sector regulator announced on Thursday.

Next-generation ERP in action from 2020

The next-generation Electronic Road Pricing (ERP) system will be operational from 2020 at a cost of S$556 million.

CMT issues S$100m in 10-year debt at 3.5%

The manager of CapitaLand Mall Trust (CMT) on Thursday said CMT has issued S$100 million in 10-year fixed rate notes at a rate of 3.5 per cent per annum to institutional and accredited investors.

China: Stocks close down over 6%, worst loss in a month

China stocks tumbled more than 6 per cent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound.

Corporate Earnings

The STI Today

Singapore stocks finish weaker after 6.4% plunge in Shanghai index

The simple reason for the Straits Times Index's 16.56 points loss at 2,603.4 on Thursday could be that it was in response to a 6.4 per cent fall in the Shanghai Composite and weakness in the Dow futures which signalled a down session later for the Wall Street.