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Daily Debrief: What Happened Today

Marina One - MnS.png
The proceeds of the green loan will partially finance Marina One's office and retail components, which are valued at about S$5 billion.

Stories you might have missed

M+S bags S$1.95b green loan for Marina One from DBS, OCBC, UOB

THIS is the largest green loan for a real estate company in the Asia-Pacific to date, said the developer, which is 60 per cent owned by Malaysian sovereign wealth fund Khazanah Nasional and 40 per cent owned by Singapore investment firm Temasek Holdings.


Singdollar likely to stabilise along with Covid-19 caseload, says Fitch Solutions

FITCH Solutions has revised its forecast for the Singapore dollar’s (SGD) average exchange rate this year to a stronger S$1.3950 per US dollar (USD), from its previous forecast of S$1.4250.


Ascott Residence Trust to sell Guangzhou, Paris serviced residences for S$191.4m

ASCOTT Residence Trust is expected to realise total estimated net gains of about S$23.2 million when both transactions are completed, comprising S$19.4 million from the Guangzhou deal and S$3.8 million from the Paris deal, its managers said on Monday.


Hyflux receives letter about possible investment by North American fund manager

THIS time, it is an unnamed North America-based fund manager that has a “strong” track record of investing in infrastructure, technology and real estate globally, according to a letter from transaction advisory and strategy consulting firm The Spectrum Solutions Group.


Hin Leong, Ocean Tankers judicial management applications adjourned

 A "pure inadvertence" to publish the applications caused the hearing to be adjourned - to the dismay of lawyers for several creditors.


Corporate earnings

The STI today

STI down 0.14%, while penny gold miners ride gold rush

FOLLOWING in the footsteps of Wall Street last Friday, Singapore shares dipped on Monday, with the Straits Times Index (STI) down 3.72 points or 0.14 per cent to 2,575.79.
 

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