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Daily Debrief: What Happened Today
Singapore's sovereign wealth fund GIC has acquired P3 Logistic Parks, a leading specialist pan-European owner, developer and manager of logistics properties, for 2.4 billion euros (S$3.7 billion), making it the largest European real estate transaction this year.
Former head of agency distribution at NTUC Income Samuel Goh Sze-Wei, a key figure in the trial of former BSI banker Yeo Jiawei, said on Monday that he received more than US$4 million for his role as Yeo's partner in kickback deals linked to scandal-hit state fund 1Malaysia Development Berhad (1MDB).
The budget carrier, whose delisting follows its privatisation by Singapore Airlines, said it has fully redeemed the S$219.7 million 2 per cent perpetual convertible capital securities as at Nov 7.
DBS Group Research has downgraded Singapore Airlines (SIA) from "buy" to "hold" following the release of the airline's Q2 FY16/17 results last week, citing a patchy outlook for the next few quarters.
The Ministry of Health (MOH) will monitor the situation on managed care providers and third party administrators (TPAs) and, where necessary, "will not hesitate to take further steps to protect the interests and well-being of patients" and safeguard the integrity of Singapore's healthcare system.
- Manulife US Reit posts DPU of 2.01 US cents, beating IPO forecast
- Yeo Hiap Seng's Q3FY16 profit declines
The STI Today
News that the FBI has cleared US Democratic presidential candidate Hillary Clinton of criminal wrongdoing over her use of a private email server sent the Dow futures shooting up 200 points and pushed the Straits Times Index up 27 points to an intraday high of 2,815 on Monday.