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Daily Debrief: What Happened Today
Singapore's assets under management grew 9 per cent to S$2.6 trillion (US$1.8 trillion) in 2015, said a newly-released Monetary Authority of Singapore (MAS) report titled the 2015 Singapore Asset Management Survey.
The certificate of entitlement (COE) premium for small cars rose despite a contracting economy which continues to tighten its grip on vehicle purchases.
Keppel Land has entered into a conditional sales and purchase agreement to divest its entire stake in Wiseland Investment (Myanmar) - which owns Sedona Hotel Mandalay - to Eden Hotels and Resort Co for US$41 million.
Singapore on Wednesday unveiled a slew of initiatives to cut shipping emissions at its port.
Keppel Corporation said on Wednesday morning that subsidiary Keppel Offshore & Marine (Keppel O&M) has secured contracts to build its first two dual-fuel diesel liquefied natural gas (LNG) harbour tugs.
Developer OUE has commented on talk of its interest in property play United Engineers (UE), saying there are no ongoing discussions and it will make an announcement should it be buying shares in the firm.
The STI Today
Singapore stocks slipped 0.1 per cent lower on Wednesday, with the Straits Times Index falling 2.85 points to 2,881.79 after fears of central bank tightening resurfaced.