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Daily Debrief: What Happened Today
Republican Donald Trump stunned the world on Tuesday by defeating heavily favoured Hillary Clinton in the race for the White House, ending eight years of Democratic rule and sending the United States on a new, uncertain path.
In the first bidding exercise for the new quota period from Nov 2016 to Jan 2017, Category A - for cars below 1,600cc or 130hp - rose S$1,677 to S$52,668 although Cat B - for cars above 1,600cc or 130hp - slipped just S$204 to S$56,206.
Rentals for both non-landed private homes and HDB flats continued to ease month-on-month (m-o-m) in October 2016. However, leasing volumes rose in both segments, according to the latest flash estimates released by SRX Property on Wednesday morning.
Singapore Airlines (SIA) is delaying the launch its new route linking Singapore, Jakarta and Sydney after Indonesian civil aviation authorities said they were now unable to approve flights due to runway maintenance works at Jakarta's Soekarno-Hatta International Airport.
- Frasers Centrepoint posts 11.8% profit drop for FY16
- CapitaLand's Q3 net profit up 28.4%
- Vicom's Q3 profit down 7.9% to S$6.8m
- Raffles Education posts S$1.7m loss for Q1
The STI Today
The uncertainty lurking ahead for the global economy after an unexpected victory by Republican candidate Donald Trump in the US presidential election sent traders scrambling on Wednesday and took a toll on local shares.