Singapore News Highlights : 8th Dec 2014

• Singapore shares opened lower with the STI down 17.16 points to 2,883.76, with oil prices easing again overnight amid concerns of a supply glut and following the US markets slump.

 

• NOL has received S$1.30/sh offer from CMA CGM, at a 6.1% premium over the LTP. 

 

• SGX looking to boost liquidity of its faltering gold contract by extending trading hrs and allowing jewellers and refiners to participate.

 

• Singapore Budget 2016 will be delivered on March 24, 2016.

 

• Ministry of Social and Family Development is proposing changes to the Mental Capacity Act, and it wants public input.

 

• Rowsley will team up with healthcare service provider Thomson Medical Pte Ltd to develop the Vantage Bay Healthcare City project in Iskandar in southern Malaysia, of S$1.67 billion.

 

• MM2 Asia, plans to place out S$5 million in new shares to three investors. 

 

• Cordlife acquired 2,700,000 shares in the share capital of StemLife Berhad, paying S$404,007 at 0.45 ringgit per StemLife share.