Daily Debrief: What Happened Today
Stories you might have missed
CMT, CCT in proposed merger to form third largest Reit in Asia-Pacific
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.
KPMG focuses on 'transformation as business' in Budget 2020 proposals
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.
Singapore High Court dismisses cybersquatter's lawsuit against Grab unit
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.
Fish farming group Barramundi Asia buying deep tech startup Allegro Aqua
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 end mixed ahead of Chinese New Year
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.
Corporate earnings
The STI today
Singapore shares post 0.2% recovery after sell-off on China virus fears
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.
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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