Daily Debrief: What Happened Today
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Singapore factory output up by 14.6% in November on electronics export demand
THE latest growth came on the back of a surge in production of active pharmaceutical ingredients, and was also supported by a pick-up in semiconductor output.
YCH Group, T&T Group breaks ground for US$200m Vietnam superport
DUBBED the Vietnam Superport, the hub is the largest logistics infrastructure project spearheaded by a Singaporean company in Vietnam, with a planned area of more than 83 ha.
One Championship raises US$150m led by Qatar sovereign wealth fund and Guggenheim Investments
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ONE, a mixed martial arts promoter and sports media property, said it will use the fresh funds to diversify its content offering and further expand outside Asia.
Sembmarine unit faces arbitration over equipment supply contracts
UNDER these contracts, it is claiming payment for invoices amounting to US$76 million plus other costs and interests, which Sembmarine said "remain to be proved" by the vendor.
Northstar Group closes fifth fund with US$590m in capital
INVESTORS in the fifth fund include sovereign wealth funds, insurance companies, institutional investors, family offices and high-net-worth individuals.
Aviva Singlife's Walter de Oude to step down from executive roles
DE OUDE, the former group chief executive of Singlife, will take on a non-independent and non-executive role as founder director instead, following the S$3.2 billion merger between Singlife and Aviva Singapore last November.
The STI today
Singapore shares close higher on Friday in holiday-shortened trading; STI up 0.4%
THE benchmark Straits Times Index (STI) climbed 0.4 per cent or 11.47 points to close at 3,108.28.
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