- Singapore Exchange (SGX) said on Wednesday that securities trading fell 35 per cent to S$20.9 billion, with daily average value of trading down 41 per cent. Daily average value of trading fell 41 per cent to S$1 billion due to more trading days in February 2013 compared with a year earlier.
- Upstream oil and gas group Loyz Energy on Wednesday announced that it would be acquiring a 20 per cent stake in Norwegian oil and gas exploration firm Fram for US$41.4 million. The acquisition will deliver more opportunities for the sharing of expertise and resources.
- ASIA’S ultra-wealthy individuals, defined as those with net assets of at least US$30 million, plan to invest in property this year The proportion of Asia’s ultra-wealthy who are keen on doing so -45 percent is close to the global average of 47 per cent.