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Daily Debrief: What Happened Today
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.
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 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 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 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
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.