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Daily Debrief: What Happened Today

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A total of 8,748 new HDB flats were launched for sale on Thursday across 25 towns or estates.

HDB launches 8,748 new flats in May

A total of 8,748 new HDB flats were launched for sale on Thursday across 25 towns or estates.


Quick take: New accounting rule will deliver greater transparency in insurance sector

A new and radical international accounting standard for insurance contracts which seeks to make it easier for investors to compare how much insurers earn from policies will have a significant impact to Singapore-based insurance organisations.

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Market voices on:


Noble Group lifeline depends on bank support for US$2b loan

Noble Group's stock and bonds rose on Thursday after people familiar with the matter said the embattled commodity trader has approached lenders to replace a credit facility with a new US$2 billion loan. Now investor focus shifts to bank support for that lifeline.


Joint bid from HK's Logan Property, China's Nanshan wins Stirling Road residential site

A joint bid of slightly above S$1 billion from Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have emerged top among 13 bidders for a residential site at Stirling Road.


Corporate Earnings


The STI Today

Singapore stocks finish weaker, though STI resilient in face of US sell-off

The resilience displayed by the Straits Times Index (STI) on Wednesday to political upheaval in Washington and turmoil on Wall Street extended into Thursday when the index first plunged 35 points to an intraday low of 3,189 but ended with a net loss of just 2.44 points at 3,221.66 in the wake of the US market's largest sell-off in about nine months.

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