Daily Debrief: What Happened Today

Singapore's factory output up 6.7% in Sept, boosted by pharmaceuticals, semiconductors

Singapore's manufacturing output increased 6.7 per cent in September 2016 compared with a year ago, boosted by growth in the biomedical and electronics sectors, the Economic Development Board (EDB) said on Wednesday.

Singapore to introduce Cybersecurity Act and boost cybersecurity expenditure

Singapore will introduce a Cybersecurity Act, requiring owners and operators of critical information infrastructure to be responsible for securing their systems and networks.

LTA awards Lum Chang S$325m contract to build new platform at Tanah Merah station

The Land Transport Authority (LTA) has awarded a civil contract to Lum Chang Building Contractors to build a new platform at Tanah Merah Station for S$325 million.

Singtel signs deal with Japanese firm to provide cybersecurity services

Singapore Telecommunications and TIS Inc, a subsidiary of Japanese systems integration company TIS Intec Group, on Wednesday announced a partnership to offer cybersecurity services in Japan.

Viva Industrial Trust buys logistics property for S$87 million

Viva Industrial Trust said that it has entered into an option agreement with Sharikat National to buy a logistics property at 6 Chin Bee Avenue for S$87.3 million.

PE firm Northstar proposes to buy Innovalues for S$331.4m via scheme of arrangement

Private equity firm Northstar Advisors has launched a S$331.4 million takeover offer for Innovalues Limited via a scheme of arrangement.

Corporate Earnings

The STI Today

Singapore shares finish lower in low volume - again

It's difficult not to agree with trading representatives who claim that present market conditions are the worst in at least 20 years, not when turnover on Wednesday was a paltry 1.3 billion units worth S$734 million, when the Straits Times Index dropped 25.48 points to 2,828.57 and when a large institution such as HSBC Global Research announced earlier in the week it has stopped covering Keppel Corp, a bastion of the local market.