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Daily Debrief: What Happened Today
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THE Singapore real estate investment trusts (S-Reits) sector is witnessing yet another proposed consolidation, with CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) on Wednesday announcing a proposed merger via a S$8.27 billion cash and stock deal.
ITS Budget 2020 proposal includes measures to promote digital adoption and sustainability, and encourage new solutions, as well as a multi-year scheme for firms which want to transform.
IN a written judgement, Senior Judge Lai Siu Chiu also deemed that 3 Corporate had engaged in “cybersquatting”, or “the deliberate, bad faith abusive registration of domain names in violation of rights in trademarks and service marks”, as defined in a World Intellectual Property Organization report.
ALLEGRO Aqua, a startup by scientists from the Temasek Life Sciences Laboratory (TLL), will be 100 per cent owned by Barramundi Asia in a cash and share swap transaction, Barramundi CEO Andreas von Scholten told The Business Times.
COE prices for cars up to 1,600cc and 130bhp finished at S$35,010, down slightly from S$35,320 two weeks ago and COE prices for cars above 1,600cc or 130bhp closed at S$37,705, up slightly from S$37,109.
- CapitaLand Mall Trust Q4 DPU up 4% to 3.11 S cents
- CCT declares 2.7% rise in Q4 DPU on enlarged base, higher revenue
- Parkway Life Reit Q4 DPU rises 2% to 3.34 S cents
- Suntec Reit DPU drops 9.4% to 2.347 S cents on enlarged unit base
- Courage Investment warns of lower FY2019 profit
The STI today
THE Straits Times Index (STI) - which lost one per cent on Tuesday - closed at 3,253.93 after a gain of 6.76 points or 0.2 per cent.