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Daily Debrief: What Happened Today
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THE move taps on the burgeoning number of ultra-high net worth families in Asia.
ITS new space at 9 Battery Road in Singapore's central business district (CBD) has been officially launched, with two other locations at 83 Clemenceau Road and 30 Prinsep Street to be opened later in December.
CAPITALAND has launched a new perpetual issue on Thursday, and orders have already exceeded S$500 million.
The investment, which is pending regulatory approval, will add to the Temasek-owned company's expanding cloud IT platform and allow it to participate in the US market.
DBS Equity Research says Singtel may cut its "unsustainable" dividend rate to 13 to 15 Singapore cents per share for its next fiscal year starting April 2020 (FY2021) in order to maintain its credit rating.
The STI today
THE Straits Times Index (STI)started the day 0.4 per cent lower before clawing back to finish at 3,089.48, down just 0.42 point.