Daily Debrief: What Happened Today

OSIM founder raises privatisation bid to S$1.39 a share

OSIM International's Chairman and Chief Executive Officer, Ron Sim, has revised his offer to buy over the remaining 30.75 per cent of stake in the company that he and his family do not own to S$1.39 a share, instead of S$1.32 a share.

Singapore private sector posts improvement in operating conditions in March

Business conditions in Singapore further improved in March, as stronger domestic demand boosted new order growth to its fastest pace in a year.

Credit Suisse 'primarily focused on organic growth' in Asia

Credit Suisse is primarily focused on organic growth in Asia, said chief executive Tidjane Thiam on Tuesday. "We are primarily focused on organic growth," he told reporters in Hong Kong. "Organic growth is cheaper, and less risky."

Singapore ranked third among 50 'future-ready' cities

Singapore has been ranked third among 50 cities globally for being future-ready, behind San Jose and San Francisco in California.

Singapore appoints Russian cybersecurity expert to advisory panel

Russian cybersecurity expert Eugene Kaspersky has been appointed to the International Advisory Panel for Singapore's National Cybersecurity Research and Development Programme.

Halcyon Agri seeks bondholders' nod to suspend financial covenants for bonds

Rubber processor Halcyon Agri is seeking the consent of its bondholders to suspend the financial covenants for its 2019 bonds, following the announcement of the dual takeover transaction with Shanghai-listed Sinochem International Corp and GMG Global.

The STI Today

Singapore shares close lower on weak oil, slide in Dow futures

A 130-point loss for the June Dow futures, a 2.4 per cent loss for the Nikkei 225 and a 1.6 per cent slide in the Hang Seng Index - faced with nothing but weakness in these markets, the Straits Times Index (STI) stood little chance, finishing Tuesday with a loss of 34.43 points at 2,800.92.