Daily Debrief: What Happened Today
Stories you might have missed
Singapore has a property glut that could take years to clear
SINGAPORE has an overhang of 31,948 units as of Sept 30 and sales have averaged about 2,500 homes per quarter this year which will take almost four years to clear the backlog.
Centurion to acquire its 2nd student dorm in Nottingham for £15.1m
THE asset, dwell Archer House - located at 14-22 Castle Gate, is in the city centre and near the University of Nottingham and Nottingham Trent University.
Koon Holdings, Penta-Ocean Construction end joint venture
FOLLOWING the move, Koon Holdings and KCT will no longer need to provide corporate guarantees in respect of the JV - significantly reducing their contingent liabilities and obligations.
Over 100 overseas digital service providers register for GST ahead of Jan 1 deadline: Iras
THE Overseas Vendor Registration (OVR) regime levels the playing field in GST treatment for both local and overseas services, Iras said.
Construction of Jurong West, Bahar Junction stations on Jurong Region Line to start in 2020
THE contract, valued at around S$210 million, was awarded to China Railway 11 Bureau Group, the LTA said.
The STI today
Singapore shares buck regional trend on Monday, STI down 0.5% THE Straits Times Index struggled for direction, spending most of the session hovering around last Friday's close before slipping late to c THE Straits Times Index struggled for direction, spending most of the session hovering around last Friday's close before slipping late to close at 3,179.82, a decline of 14.89 points, or 0.5 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year