Daily Debrief: What Happened Today

Singapore's Changi seeking new partner for Rio airport

Singapore Changi Airport is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the head of the company running the concession said on Monday.

ST Engg to book S$61m charge amid fears China unit will run out of cash

Singapore Technologies Engineering (ST Engg) said on Tuesday it would record a S$61 million one-off charge for the third quarter ended Sept 30, 2016, as it proposes to halt production at a Chinese joint-venture project, citing concerns that the business will soon run out of cash.

Driverless car in Singapore collides with lorry, no injuries

A self-driving car being tested on Singapore public roads collided with a lorry on Tuesday, the city-state's transport regulator said, adding that no one was hurt.

Ezra seeks consent to amend terms of S$150m of 4.875% notes due 2018

Ezra Holdings is seeking bondholders' consent to amend the terms of S$150 million in principal amount of 4.875 per cent notes due 2018 to avoid any potential covenant breaches or default.

CDL to buy 20% stake in 163-unit Tokyo residence

City Developments (CDL) plans to buy a 20 per cent stake in a 163-apartment residential development in the Aoyama area of Tokyo for an undisclosed amount.

DHL to boost operational efficiency with new S$140 million facility at Changi

DHL Express has launched a S$140 million automated facility within Changi Airfreight Centre which will enable it to triple its cargo handling capacity and process shipments six times faster.

Corporate Earnings

The STI Today

Singapore shares close 0.5% higher on Tuesday

Share prices in the local bourse rose for the second straight day on Tuesday, with the key Straits Times Index gaining 13.56 points or 0.5 per cent to hit 2,830.63.