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Daily Debrief: What Happened Today
Retail sales in Singapore in the month of May notched minute gains when compared to a year ago, but weakened from the preceding month.
Some 9,122 certificates of entitlement (COE) will be released by the Land Transport Authority (LTA) each month over the next three months, a dip from the 10,568 monthly average in the preceding period.
Rents of non-landed private homes in Singapore rose 0.5 per cent in June 2017 over the preceding month, while rents of HDB flats retreated 0.6 per cent over the same period, according to the latest flash estimates for June released by SRX Property on Wednesday.
One bidder has been shortlisted to take over Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings Limited's combined stakes in United Engineers Limited (UEL) and its subsidiary WBL Corp Ltd, the pair said in a release to the Singapore Exchange before market open on Wednesday.
Singapore's Land Transport Authority (LTA) will be issuing a tender to install 3,000 parking lots at 28 MRT stations. They will be installed at train stations in housing estates including Pioneer, Bukit Gombak, Sembawang, Hougang, Marymount and Pasir Ris, said LTA in a release on Wednesday afternoon.
Singapore has signed two agreements that will focus on leadership and research respectively in its efforts to help advance international civil aviation. The agreements were inked at the opening session of the World Civil Aviation Chief Executives Forum (WCACEF) held at the Singapore Aviation Academy.
Yeo Jiawei, a former banker serving the longest jail term in Singapore's probes linked to 1Malaysia Development Bhd, admitted to money laundering. Yeo, who also pleaded guilty Wednesday to cheating his former employer, was handed a 30-month term in December on charges of trying to tamper with witnesses in the probe.
Aberdeen Asset Management has launched five new funds simultaneously for sale to the public in Singapore, some of which are the group's first multi-asset funds here.
The STI Today
Singapore shares ended the session lower for a second straight day on Wednesday as investors held their breath and searched for signs on when the US Federal Reserve will start reducing its massive balance sheet ahead of Fed chief Janet Yellen's two-day semi-annual monetary policy testimony beginning on Wednesday night.