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Daily Debrief: What Happened Today
BlackRock Inc, the world's largest asset manager, is exploring a sale of its second office tower in Singapore's central business district, people with knowledge of the matter said.
The founder of ARA Asset Management Ltd, which manages S$30 billion in Asian property assets, is teaming up with Warburg Pincus and other investors to buy out the real estate fund manager, sources familiar with the matter said on Friday.
The budget airlines under the Singapore Airlines Group stable, Scoot and Tigerair, will use a single brand and operating licence next year.
The Singapore government is planning to tighten energy monitoring and reporting requirements for large industrial players as it looks into areas where carbon emissions can be further reduced, said Deputy Prime Minister Teo Chee Hean.
The current challenging operating environment together with the rich valuation offered may have been the driving factors for current shareholders of Super Group to exit, said DBS Group Research in a note on Thursday as it advised shareholders to accept the offer by Jacobs Douwe Egberts (JDE).
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The STI Today
It would be all too easy to focus on the fact that if Donald Trump wins the US presidency markets could be thrown into turmoil, and that this worry was the predominant feature of the past week.