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Daily Debrief: What Happened Today
The committee tasked with steering the future of Singapore's economy will submit its report around December 2016, said Finance Minister Heng Swee Keat on Wednesday.
Singapore's consumer confidence remained on the downtrend for the second straight month in October, according to a monthly survey by ANZ and Australia-based market research Roy Morgan Research.
Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year, according to a World Bank report published on Tuesday.
Showing signs of stabilisation, the prices of completed condominiums in Singapore inched up 0.1 per cent in September from the previous month, the National University of Singapore's flash estimates for its Singapore Residential Price Index released on Wednesday showed.
Jumbo Group, which runs chilli-crab restaurants in Singapore, attracted an arm of Temasek Holdings Pte and the founder of Asia's biggest massage-chair maker as cornerstone investors for its initial public offering (IPO), people with knowledge of the matter said.
Indonesian conglomerate Lippo Group plans to shift two real estate investment trusts (Reits) with 35 trillion rupiah (S$3.63 billion) in assets from Singapore to Indonesia in order to benefit from tax breaks offered by Jakarta, its chief executive said.
- OCBC's Q3 net profit down 27%, core net profit up 7%
- CapitaLand Commercial Trust posts 2.4% rise in Q3 DPU
- Micro-mechanics posts 28.4% jump in Q1 profit on record quarterly sales
The STI Today
The Straits Times Index (STI) on Wednesday drifted to a 12.02-point loss at 3,040.51 in low volume of one billion units worth S$826 million.