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Daily Debrief: What Happened Today
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OVER the last five years, the Singapore industry's assets under management (AUM) expanded at an 11 per cent compound annual growth rate.
DESPITE headwinds from the global pandemic, the first half of the year saw a steady flow of investments into tech startups, with Grab raising its latest Series I round of S$1.2 billion in February, and Ninja Van's S$390 million in April.
TEMASEK Financial (I) Limited (TFin-I) has issued below par an oversubscribed US$2.75 billion three-tranche deal of guaranteed bonds, which include a record 50-year tenor, after garnering robust interest from investors.
WIRECARD entities in Singapore (Wirecard SG) are to cease their payment services here and to return all customers’ funds by Oct 14, the Monetary Authority of Singapore (MAS) announced on Wednesday.
CHANGES to Singapore’s Covid-19 temporary relief framework came into force on Wednesday, including greater powers for government-appointed assessors of rental disputes, and a mechanism for paries to certain contracts to obtain relief in the case of delays caused by the pandemic.
DEPUTY Prime Minister and Finance Minister Heng Swee Keat will deliver a ministerial statement next Monday on Singapore’s progress in tackling Covid-19, the country’s fiscal position, and strategies to emerge stronger.
FOR households, the electricity tariff, before a 7 per cent goods and services tax (GST), will go up from 19.60 cents to 21.43 cents per kWh in the fourth quarter.
WITH the sites for all six shophouses zoned for commercial use, purchases are open to both local and foreign buyers, with no additional buyer's stamp duty to be imposed.
The STI today
SINGAPORE shares fell in tandem with several regional markets after what some called a “train wreck” US presidential debate on Wednesday morning (Singapore time), with the Straits Times Index (STI) down 4.99 points or 0.2 per cent to 2,466.62.