Daily Debrief: What Happened Today

Katong property up for sale, expects offers of S$57-61m

The expected price reflects an estimated land rate of about S$1,199 per square foot per plot ratio (psf ppr) to S$1,268 psf ppr. Development charges are estimated to be about S$20 million.

Wing Tai Properties' perpetual bonds more than four times subscribed

Property company Wing Tai Properties is looking to raise S$160 million through an issuance of senior guaranteed perpetual capital notes, priced at a coupon of 4.35 per cent.

Singapore finance, telco players to help SMEs adopt technology

Local telcos M1, Singtel and StarHub, will provide SMEs a one-stop service through digital technology-bundled packages that offer broadband or Wi-Fi connectivity bundled with IMDA's pre-approved digital technology solutions, cybersecurity and data analytics tools and services.

Creative awarded S$36 million in legal proceedings against Huawei

Creative Technology and its subsidiary QMax Communications on Wednesday updated that the Court has issued its judgement, holding Huawei International liable for misrepresentation and being "grossly negligent" when it was vendor for Creative's wireless broadband project.

Del Monte Pacific names new CEO for US unit

Del Monte Pacific on Wednesday announced the appointment of Gregory Longstreet as the new chief executive officer (CEO) of the company's US subsidiary, Del Monte Foods Inc (DFMI), effective Sept 5, 2017.

Four new Judges of the High Court appointed: PMO

The Prime Minister's Office said on Wednesday the new judges, who will assume their new role from Sept 30, 2017, are Judicial Commissioner (JC) Thean Pik Yuen Valerie, JC Hoo Sheau Peng, JC Debbie Ong Siew Ling and JC Aedit Abdullah.

The STI Today

Singapore shares close lower on continued bank weakness

Weakness in the three banks following fresh concerns over their oil and gas (O&G) sector exposure was the main factor behind the 15.98-point loss the Straits Times Index suffered on Wednesday at 3,278.95. It did, however, manage to rebound almost 20 points off its intraday low of 3,259.