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Daily Debrief: What Happened Today

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Monday, March 21, 2016 - 18:30

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FUNDEDHERE, an equity and debt crowdfunding platform set up by Tembusu Partners' co-founder Andy Lim, was launched on Monday after receiving a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).

LTA awards S$1.99b contract to build world's first four-in-one depot

Singapore's Land Transport Authority (LTA) has awarded a S$1.99 billion civil contract to build the East Coast Integrated Depot - the world's first four-in-one rail and bus depot - and its reception tunnels to South Korea-based GS Engineering & Construction Corp.


Equity and debt crowdfunding platform launched

FundedHere, an equity and debt crowdfunding platform set up by Tembusu Partners' co-founder Andy Lim, was launched on Monday after receiving a Capital Markets Services licence from the Monetary Authority of Singapore.

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Consumers can review personal credit data for free from April

Consumers who have applied for a new credit facility with any of Credit Bureau Singapore's (CBS) member banks or financial institutions can now receive a free copy of their credit report effective April 1.


UOB-Temasek JV invests US$5m in e-commerce startups from Southeast Asia

A joint venture between United Overseas Bank (UOB) and Temasek, InnoVen Capital, on Monday announced it has signed two venture debt financing agreements valued at US$5 million with e-commerce startups in South-east Asia.


Hot stock: OKH Global falls nearly 80%

Shares of builder OKH Global plunged 27.5 Singapore cents or 79 per cent to 7.5 Singapore cents mid-Monday and was most actively traded with 142 million shares done.


PAP to field top lawyer for Bukit Batok by-election

The People's Action Party (PAP) will field prominent lawyer K Muralidharan Pillai as its candidate for the upcoming by-election in Bukit Batok.


The STI Today

Singapore shares close lower, led by banks and oil stocks

Weakness in Hong Kong and in the Dow futures meant the Straits Times Index started the week off with a 26.11-point loss at 2,880.69 on Monday, led mainly by the banks. In the second line, the stunning 80 per cent crash in the shares of property developer OKH Global grabbed most of the attention, coming as it did on volume of 247.4 million, making it the session's most active counter.

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