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Daily Debrief: What Happened Today

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Developers launched 624 private homes (excluding executive condominiums) in July and sold 1,091 units, based on figures from the Urban Redevelopment Authority (URA) released on Monday.

New homes sold by developers more than double from June

Developers launched 624 private homes (excluding executive condominiums) in July and sold 1,091 units, based on figures from the Urban Redevelopment Authority (URA) released on Monday.


Car sales prop up June retail sales index, which posts 0.9% y-o-y increase

Singapore's retail sales were once again lifted by car sales in June - albeit to a more modest degree - with the overall index up 0.9 per cent year-on-year. Excluding motor vehicle sales, however, retail sales would have fallen 3 per cent in June compared to a year ago.


Consistel fined S$300,000 for irregularities; IDA also files police report

The Infocomm Development Authority of Singapore (IDA) has fined Consistel a sum of S$300,000 for breaching its licencing obligations for running the communications system at the Sports Hub, which was granted to it in March 2013. IDA has also filed a police report, which is the first time such a report has been filed for a breach of licencing obligations.


KrisEnergy bonds fall below 80 US cents amid debt covenant pressure

KrisEnergy Ltd bonds are showing strain as the Singapore-based oil and gas producer said the industry slump could put its debt covenants to the test, as distress in the local-currency debt market spreads.


ISR reveals corporate advisor's link to vendor in major acquisition

ISR Capital has revealed that it is taking advice on a major acquisition from a corporate advisor whose partner is also a director of the vendor in the deal, according to the company's replies to queries from the Singapore Exchange (SGX).


Sime Darby to acquire Saizen Reit, inject Australian industrial properties in reverse takeover

Malaysian conglomerate Sime Darby will acquire a majority stake in Saizen Real Estate Investment Trust (Reit) through a reverse takeover and inject Australian industrial property into the trust, the Reit manager announced on Monday.


Olympics: Hero's homecoming for Singapore star Schooling

Singapore swimmer Joseph Schooling returned home to a rousing welcome on Monday after winning the city-state's first ever Olympic gold medal with a stunning victory over the legendary Michael Phelps.


The STI Today

Singapore shares close mixed in thin trading

The Straits Times Index (STI) on Monday dipped 0.19 of a point to 2,867.21, volume was a low 815.1 million units worth S$721.1 million and excluding warrants there were 212 rises versus 179 falls.