Daily Debrief: What Happened Today

Singapore factory output grows 0.1% in August, undershooting expectations

Factory output grew 0.1 per cent year on year last month, lifted by a stronger showing from the precision engineering and electronics clusters, the Economic Development Board said in release on Monday.

May be time to review Singapore's Code of Corporate Governance: MAS

It may be timely to review Singapore's Code of Corporate Governance for listed companies given that the last such assessment was done back in 2012.

OCBC said to consider sale of stake in United Engineers again

Oversea-Chinese Banking Corp (OCBC) and affiliates are again weighing the sale of their stake in United Engineers Ltd, a century-old Singapore property and construction company, according to people with knowledge of the matter.

Rowsley to open new Café Football at Manchester museum

Mainboard-listed real estate and investment company Rowsley on Monday announced that it will partner the UK's National Football Museum in Manchester in an effort to operate more football-themed cafes and hotels.

Otto Marine's two Australian units face winding-up application

Creditors are seeking the winding up of two of Otto Marine's subsidiaries in Australia, and are claiming A$787,204 (S$814,580) from the offshore marine group.

Ley Choon seals debt-restructuring deal with lenders, to dispose unit for S$11.5m

Ley Choon Group has entered into a debt-restructuring agreement with its lenders, a move that will result in the sale of its real-estate development subsidiary for about S$11.5 million.

Rolling Stone to sell 49% stake to Singapore-based BandLab Technologies

The storied 49-year-old American magazine has struck a chord with an external investor for the first time. It will be selling a 49 per cent stake to Singapore-based music startup BandLab Technologies for an undisclosed sum, Rolling Stone's parent company Wenner Media said in a press release issued on Sunday night.

The STI Today

Singapore shares close lower, but pennies continue to shine

The Straits Times Index (STI) may have drifted to a 7.01 point loss at 2,849.94 on Monday but the real action was once again in penny stocks, where the likes of Noble Group, Sunmoon, Ezra, Alliance Mineral and Artivision posted rises of at least 30 per cent in high volume during the day.