1. Oil and gas company Shell Malaysia announced yesterday that a reorganisation of its upstream division will result in 1,300 jobs being shed over the next two years, Bloomberg reported.
2. LVMH watch chief Jean-Claude Biver said 2016 is set to be a tougher year for the Swiss watch industry because of the economic slowdown in China, Bloomberg reported.
3. Super Group, well-known for its 3-in-1 coffee mixes, has made more share buybacks. It bought back 100,000 shares yesterday at 75 cents apiece, spending $75,176.55 in the process.
4. SGX-listed Lorenzo has given more details about the acquisition of Straitsworld Advisory. The deal has not gone through and Straitsworld Advisory owner Michael Chan Ewe Teik has been given more time to refund the $2.8 million deposit.
5. New Silkroutes, the former Digiland International, said that the deadline relating to the agreement for the disposal of Digiland (Thailand) and Infonet Systems and Services has been extended from Sept 30 to Dec 31.