Markets highlights

1 Mining giant BHP Billiton will write down the value of its US shale assets by US$7.2 billion (S$10.4 billion), cementing expectations that it will cut its dividend for the first time in more than 25 years.

2 Singapore eDevelopment expects a loss for FY2015 to Dec 31, as two projects are not expected to start revenue recognition until this year and it has the development costs of Hotapp.

3 New Silkroutes chief executive Goh Jin Hian bought four million shares in the company, spending up to $2 million in total. The company is in the business of oil trading.

4 SGX-listed Soo Kee has increased its investment in its wholly-owned unit SK Jewellery, lifting the share capital from $308,000 to $600,000 to enable it to meet operational requirements.

5 A Lum Chang unit and Ryobi Kiso have settled a dispute relating to work on the Bukit Panjang MRT station and tunnels in Woodlands Road and Upper Bukit Timah Road for the Downtown Line Stage 2.

A version of this article appeared in the print edition of The Straits Times on January 16, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe