Singapore News Highlights: 24th Nov 2015

• Singapore shares were up with the STI up 0.04% or 1.05 points to 2,904.54. 

• KLW shares fall 14% after it announced yesterday that it is under investigation by the Commercial Affairs Department for possible offence(s) under the Securities and Futures Act.

• New Silkroutes Group requested to lift its trading halt, after Malta's Ministry of Energy and Health has become a new shareholder of IEG Malta.

• UOB launched its US$8 billion covered bond programme.

• Noble’s battling criticism of its accounting, may have its credit rating cut to junk by S&P's on concerns about the company's liquidity.

• Kepple Corporation has priced the issue of its S$200 million notes due 2023.

• Subsidiary of Midas won 4 contracts worth S$16.1 million to supply aluminium alloy extrusion for metro trains in China, and airport rail trains in Malaysia.

• Yuan fell to its 3-month low as the central bank weakened the currency's reference rate amid a dollar advance and also due to the concern that China will allow a decline to help its economy.

• Risks for S-Reits will rise in 2016, in view of weak economic fundamentals and new supply that will be added into most sectors.

• Singapore inflation eased last month, to -0.8% as compared with -0.6% in September mainly due to the lower costs of oil-related and retail items.

• The creation of the Asean Economic Community has potentially significant consequences for the Singapore economy.

• USD rose yesterday at economic reports expected to show improvements that could support a Federal Reserve interest rate hike next month.

• National Gallery Singapore,was unveiled by Prime Minister Lee Hsien Loong before it opens to the public from Today.