Daily Debrief: What Happened Today
Stories you might have missed
Singapore's first listed PE bonds priced and launched
The first listed bonds in Singapore that provide investors with exposure to a diversified portfolio of private equity (PE) funds have been successfully priced and launched.
COE premiums higher across the board
Certificate of entitlement (COE) premiums rose across the board, with those for passenger cars continuing their ascent as dealers sought to fulfil the deluge of orders received after the loan curbs were relaxed almost a month ago. Category A - for cars below 1,600cc and 130 hp - increased S$1,506 to S$55,200, while Cat B - for cars above 1,600cc or 130 hp - was S$1,010 higher at S$57,010.
Renminbi investments now part of MAS official foreign reserves
Renminbi financial investments made by Singapore's central bank are now part of its official foreign reserves (OFR), underscoring the growing international acceptance of the Chinese currency.
ARA Asset said to bid for Singapore's Capital Square tower stake
ARA Asset Management Ltd is bidding for a stake in Singapore's Capital Square office tower in the city's central business district, according to people familiar with the matter.
GIC said in talks to sell Paris properties to SocGen insurer
GIC Pte Ltd, Singapore's sovereign wealth fund, is in talks to sell two buildings in Paris's central business district valued at about 500 million euros (S$756 million) to Societe Generale's insurance unit, according to people with knowledge of the discussions.
The STI Today
Singapore shares close lower, STI surrenders 26-point intraday rise
Risk on or risk off? Clearly, traders in the local market on Wednesday were unable to decide, as the Straits Times Index (STI) first shot up by 26 points to an intraday high of 2,815 before dropping alarmingly back to 2,786.13 at the close, a nett loss of 3.32 points for the day.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
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
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank