A committee formed to develop economic strategies for Singapore's future will be made up of 30 members, including government officials and leaders of companies large and small. Called the Committee on the Future Economy, the group aims to complete its work by the end of 2016.
The Singapore Exchange (SGX) has launched a listing compliance bulletin to increase the transparency of its deliberations on disciplinary actions on listed companies. The bulletin will, for the first time, shed light on non-public regulatory actions SGX has taken in response to listing rule breaches, the market operator and regulator said it a press release on Monday (Dec 21).
Singapore Airlines (SIA) responded on Monday (Dec 21) to a call for it to improve its buyout offer for Tiger Airways, reiterating that its offer was "fair" and "compelling", and that market analysts have also recommended that shareholders accept it.
Expatriates in the Asia-Pacific are among the highest paid in the world, with Singapore in the top five in the region for disposable income and savings, according to HSBC's latest Expat Explorer survey. The region's appeal for professionals is set to increase further with the formalisation of the Asean Economic Community (AEC), HSBC added.
Mainboard-listed Ezra Holdings, a contractor and provider of integrated offshore solutions to the oil and gas industry, said its subsea services division, EMAS AMC, has won contracts worth nearly US$70 million (S$98.9 million), including work with a new client in the Middle East.
CapitaLand Ltd is looking to invest in Vietnam's office property segment, its country head said, as the Singapore-listed developer seeks to grow its portfolio beyond residential and serviced apartments in the fast-growing economy.
Brent crude prices fell on Monday (Dec 21) to their lowest since 2004 on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from Iran and the United States.