SMRT Corp will transfer the ownership of its rail assets, including trains and signalling systems, to the Land Transport Authority (LTA) for S$991 million.
- LTA still in talks with SBS Transit on transfer of rail assets
- No special dividend from SMRT asset sale
- SBS Transit shares soar on rail asset transfer talks
Singapore Exchange chief executive, Loh Boon Chye, stuck closely to a script during a Friday press conference, giving few details about the cause of technical and process issues that shut down the stock market for all but 2.5 hours on Thursday.
Singapore insurers can feel more relieved now that the Monetary Authority of Singapore (MAS) has tweaked the proposed revisions to the framework that sets out capital requirements aimed at enhancing protection of policyholders.
The 2,344 private housing unit sales for Q2 is 65.2 per cent higher than the 1,419 private homes that developers moved in the first quarter of this year.
AirTrunk plans to build data centres in Australia's biggest cities of Sydney and Melbourne, with an anchor tenant already signed up as it targets undercutting rivals with lower prices.
Excluding motor vehicles, retail sales decreased 3.3 per cent, the Department of Statistics said on Friday.
- M1 Q2 revenue down on lower handset sales
- Ezra sinks deeper into the red for Q3, hit by industry downturn and one-off loss
The STI Today
The Singapore Exchange's (SGX) system breakdown on Thursday will surely dominate headlines and be the subject of conversation among industry players, but more important is that Wall Street's S&P 500 index has set four consecutive all-time highs this week - if it manages another record on Friday, it would make for a "perfect week", the first since 1998.