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Daily Debrief: What Happened Today
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SWEPT into fresh uncertainty from the virus outbreak, Singapore banks are cautious over the next three to six months, with about 10 per cent of their total loan portfolio seen to be exposed to vulnerable sectors for now.
THE coupon rate of 3.3 per cent is said to be the lowest for any AT1 US dollar deal done in the world.
THE Securities Investors Association (Singapore), or SIAS, and its advisers will not be swayed by statements made to incentivise them to promote Utico’s rescue package for Hyflux.
PROPERTY developer UOL Group said on Friday that it is passing "all the savings from the property tax rebate" announced in Budget 2020 on to retail tenants at its three shopping malls - United Square, Velocity@Novena Square and Kinex.
REAL estate developer Bukit Sembawang Estates Limited on Friday said it has sold 25 out of the 39 units at the Luxus Hills (Contemporary Collection) following private previews.
- UOB Q4 profit up 10% to S$1.01b
- OCBC expects 2% dip in 2020 revenue growth on virus impact; ups dividend on higher Q4 profit
- Sembcorp sinks into the red with S$15m Q4 loss
- CNMC Goldmine Q4 profit plunges 80.5% on lower sales
The STI today
THE Singapore stock market continued its retreat on Friday, with the Straits Times Index dropping 17.65 points or 0.55 per cent to close at 3,181.03.