IDA unit to sign partnership deals
The venture arm of the Infocomm Development Authority of Singapore (IDA) will sign new agreements with industry partners today. Infocomm Investments will ink the partnership deals at an event to celebrate the first-year anniversary of BASH (Build Amazing Start-ups Here) - a new start-up facility at Block 79, JTC LaunchPad @ one-north. BASH spans more than 25,000 sq ft. There will also be panel discussions at the event.
Australian boost to defence spending
Australia will today unveil a long-awaited Defence White Paper, which ABC News reported will outline A$30 billion (S$30.3 billion) of additional spending over the next 10 years, and also focus on strategic concerns linked to China's rapid military expansion. Prime Minister Malcolm Turnbull said the government is committed to a pledge by previous leader Tony Abbott to increase defence spending to 2 per cent of GDP by 2023.
Full-year results for Noble out today
Noble Group will unveil its fourth-quarter and full-year results to Dec 31 today. The commodity trader on Tuesday flagged that it will chalk up a net loss, following a massive US$1.2 billion (S$1.7 billion) write-down to reflect a sustained period of low prices in its coal portfolio.