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Daily Debrief: What Happened Today
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THE Singapore brand mark for local consumer lifestyle products will be introduced in November, starting with products related to food & beverage (F&B), fashion and accessories, beauty and wellness, and homeware and decor.
THAT works out to a land rate of about S$877 per square foot per plot ratio (psf ppr), or S$861 psf ppr after factoring in a 7 per cent bonus balcony gross floor area (GFA) and a corresponding estimated development charge of nearly S$3 million.
THE manager expects to issue about 4.68 billion rights units on a pro rata basis of 160 rights units for every 100 LMIRT units, at an indicative issue price of six Singapore cents per rights unit.
WORKER and student accommodation provider Centurion Corp is inviting holders of its existing S$60 million due-2022 notes to exchange them for new 3.5 year notes at a premium and/or to sell them for cash at par.
IT has also appointed Tan Juay Hiang as senior adviser to the group to assist with its expansion plans and real estate diversification, adding that more property launches are in the pipeline in Singapore and overseas in 2021.
THIS comes amid ongoing economic uncertainty and increasing unemployment as a result of the Covid-19 pandemic, the company said, noting that the number of retrenchments more than doubled in the second quarter this year.
The STI today
THE benchmark Straits Times Index fell 12 points or 0.48 per cent to 2,485.71, after 1.37 billion securities worth S$988.07 million changed hands.