1 Royal Bank of Scotland's shares fell to their lowest in more than three years as the state-backed bank reported its eighth straight full-year loss and said dividends would be on hold until next year, Reuters said.

2 The Land Transport Authority notified SMRT yesterday that it will buy 175 of its buses. The date of transfer is May 31. The amount to be paid is not yet fixed but is about $66.3 million.

3 Fitch Ratings says Noble's net loss last year does not impact its ratings of BBB-/Stable as it was driven by US$1.9 billion (S$2.6 billion) of non-cash losses. Results also show Noble continues to generate cash flow from its operations.

4 Oil firm Rex International said its 61.76 per cent-owned Masirah Oil started drilling an exploration well in Oman last Sunday.

5 Innopac Holdings has been given an extension by the Singapore Exchange to Sept 1 to comply with the Minimum Trading Price requirement.