Daily Debrief: What Happened Today

Passenger car COE premiums slip

The certificate of entitlement (COE) premiums for passenger cars slipped but those for the other three categories rose in the second bidding exercise for May.

Wolfgang Baier cashes out part of SingPost stake

Dr Baier sold 2.5 million shares in the open market for about S$3.94 million in total, which worked out to an average price of S$1.577 apiece.

Guidelines revised for rehiring older workers

Guidelines for the re-employment of older workers have been updated and revised, along with a boost in the grants to help employers put in place the changes needed for their effective employment.

Singapore Air forms new company to manage two budget carriers

Singapore Airlines Ltd, seeking to restructure its budget airline business, established a new holding company to manage its two low-fare carriers amid speculation of a consolidation in the region.

Jaya to acquire Papua New Guinea personal loans firm in S$232m RTO deal

Mainboard-listed Jaya Holdings has agreed to acquire Heduru Moni, a personal and consumer finance company from Papua New Guinea, in a reverse takeover (RTO) deal worth up to S$232.2 million, it said in a Singapore Exchange filing on Wednesday.

Raffles Education to acquire Santa Fe art university

One loss-making education group has proposed to acquire another.

Malaysia may bar overseas travel for those who insult government

Malaysia has begun enforcing a law that allows authorities to bar citizens who insult the government from traveling overseas, the Star newspaper reported.

Corporate Earnings

The STI Today

Singapore shares close lower but off their intraday floors

Tuesday's short-covering bounce proved short-lived as the downtrend resumed on Wednesday with the Straits Times Index (STI) dropping four points to 2,777.11. Penny stocks which exploded into life last week and on Monday continued to flounder, led by recent outperfomer ISR Capital which plunged S$0.018 or 20.7 per cent to S$0.069 on volume of 22.6 million.