Daily Debrief: What Happened Today
Stories you might have missed
Certificate of entitlement (COE) premiums for cars and commercial vehicles rose, with only the motorcycle premium softening.
Young couples can soon get their homes in Singapore sooner: HDB
HDB unveiled on Wednesday it will offer some Build-To-Order (BTO) flats with shorter waiting time, and introduce a new sales mode, the Re-Offer of Balance Flats (ROF), in August to help young couples get their new homes sooner.
DBS prices green bonds at quarterly coupon of three-month US$ Libor + 0.62%
DBS Group Holdings (DBSH) said on Wednesday that it has successfully priced the issue of US$500 million floating rate green bonds due in 2022.
Aviva to sell Friends Provident International to RL360 Holding for £340m
Insurer Aviva plc on Wednesday said that it will sell Friends Provident International Limited (FPIL) to RL360 Holding Company, a subsidiary of International Financial Group, for a total of £340 million (S$606 million).
Five growth industries picked for more focused job help: Lim Swee Say
More effort will be poured into helping job seekers find jobs in five growth industries, with political office holders stepping up to coordinate work in each sector, said Manpower Minister Lim Swee Say on Wednesday.
Broker's take: DBS downgrades M1 as major shareholders shelved plans to rid stakes
DBS Vickers Securities on Wednesday downgraded M1 after the telco posted disappointing second quarter results and its three major shareholders, with a combined stake of 61 per cent, called off a strategic review of their stakes.
Hot stock: Rowsley surges 57.5% following billionaire Peter Lim's proposed injection
After real estate and investment company Rowsley said on Tuesday that controlling shareholder and Singapore billionaire Peter Lim will be injecting his 100 per cent Thomson Medical Pte Ltd and 70.36 per cent Bursa Malaysia-listed TMC Life Sciences stakes into the firm, shares of Rowsley climbed 57.5 per cent to open at S$0.115 on Wednesday.
Corporate Earnings
The STI Today
STI extends gains by another 18.99 points
Singapore shares continued their rally for the fifth straight session on Wednesday, driven by the developments surrounding real estate and investment company Rowsley and NetLink NBN Trust's listing on the local bourse.
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International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations