SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Sembcorp Marine subsidiaries secure $222 million worth of contracts. Mainboard-listed Sembcorp Marine said on Monday that its subsidiaries Sembmarine SLP and Jurong Shipyard Pte Ltd have secured offshore energy related contracts valued at a combined $222 million.
2. STI up 0.6% as Tokyo leads Asian market rebound. Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.
3. Vallianz makes its first forays into the Mexican and West African markets. Catalist-listed Vallianz Holdings, which provides offshore support vessels and integrated marine solutions to the oil and gas industry, is continuing to expand its global reach by clinching Letters of Award and new charter contracts with total value of US$64 million in Mexico, West Africa and the Asia Pacific region.