MARKET UPDATES :
- SINGAPORE shares ended lower on Friday with the Straits Times Index slipping 27.85 points to 3,391.2.Some 1.52 billion shares, valued at S$1.76 billion were traded. Gainers numbered 212 while losers numbered 231.
- UNEMPLOYMENT for the whole of 2014 remained low at 2.0 per cent overall, 2.7 per cent for Singapore residents and 2.9 per cent for Singapore citizens, broadly unchanged from 2013, going by preliminary estimates released by the Ministry of Manpower on Friday. The overall seasonally adjusted unemployment rate stayed low at 1.9 per cent in December 2014, as the unemployment rate for residents fell from 2.8 to 2.6 per cent, while that for citizens fell from 2.9 to 2.6 per cent, over the quarter.
- SINGAPORE’s labour force participation rate for residents rose to a new high of 67 per cent in 2014, driven by continued increases for women and older residents.Coupled with the fact that the labour market stayed tight with low unemployment, the employment rate of residents aged 25 to 64 rose to another high of 79.7 per cent, up from 79.0 per cent in 2013 and 72.3 per cent in 2004. There was also a sustained growth in incomes over the last five years, with lower-wage workers’ income growth keeping pace with those at the middle.
- DEL Monte Pacific on Friday announced that it has obtained approvals for its proposal to undertake a renounceable underwritten rights issue in Singapore and a stock rights offering in the Philippines of up to 641.9 million new ordinary shares at an issue price of S$0.325 or 10.60 Philippine pesos for each rights share. The issue price of S$0.325 represents a discount of approximately 30.9 per cent to the closing price of S$0.47 per share on the Singapore Exchange (SGX) as of Jan 29 (being the last trading day of the shares on the SGX before the announcement. as well as a discount of 20.6 percent to the reference price of S$0.409 per share.
- ASCENDAS Real Estate Industrial Trust (A-Reit) on Friday announced that Oversea-Chinese Banking Corporation (OCBC) will resign as A-Reit’s issuing and paying agent, and agent bank, with effect from March 2.The Bank of New York Mellon (Singapore branch) has been appointed as A-Reit’s new issuing and paying agent in relation to notes cleared through the Central Depository (CDP).The Bank of New York Mellon (London branch) has been appointed as A-Reit’s new issuing and paying agent in relation to non-CDP notes or notes cleared through Euroclear Bank and Clearstream Banking société anonyme, Luxembourg, as well as as A-Reit’s new agent bank. The new appointments will take effect from March 2
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