Open COE surprises in latest tender
It ends below COEs for big and small cars; motorcycles see aggressive bidding to hit new high
Singapore
IN A RARE Turn, prices of Open COE - typically the highest at the end of each tender - finished lower than certificates of entitlement for cars, both big and small, yesterday.
Premiums for Open COE, which can be used for any vehicle type except motorcycles, closed 9.3 per cent lower at S$39,903. Open COE is usually the costliest because it is transferable and is stockpiled by dealers for urgent sales.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons