You are here
Daily Debrief: What Happened Today
ARA Asset Management Ltd group founder and chief executive officer John Lim is leading a consortium including Cheung Kong Property and Straits Trading Company in a takeover offer at S$1.78 per share, valuing the company at close to S$1.8 billion.
Tourism arrivals and spend both expanded in the double digits in the first half of this year, according to a report by the Singapore Tourism Board (STB).
Having reserved elections is one of the proposed changes to the elected presidency being debated in Parliament this week. It is meant to ensure that minority presidents are elected from time to time.
- Elected president is an important stabiliser in Singapore's system: PM Lee
- President Tony Tan says he will not be standing in 2017 presidential election
Resale prices of non-landed private residential units slipped a steeper 0.7 per cent in October after a 0.6 per cent decline in September, the flash estimate from SRX Property shows.
Singapore's life insurance industry remained flat in the three months ended September, with total weighted new business sales - a growth measurement - down one per cent from a year ago to S$808.2 million.
StarHub has launched a new service, in partnership with Hewlett Packard Inc (HP), that provides small and medium-sized enterprises (SMEs) with devices, software and technical support that they require to manage their information technology (IT) needs at a flat monthly fee.
CapitaLand has appointed investment banker Andrew Lim Cho Pin as group chief financial officer effective Jan 1, 2017. He will succeed Arthur Lang Tao Yih who was appointed to the post back in August 2011.
- Perennial Real Estate Q3 earnings plummet despite revenue surge
- Yoma Strategic Q2 profit jumps to S$8.5m
- SIIC Environment Q3 profit up 5.3%
- GLP reports 52% jump in Q2 profit
- ARA Asset Management marks 84% jump in Q3 profit
- Chip Eng Seng's Q3 profit falls 58%
The STI Today
The US presidential election continued to be the main - and possibly only - factor in local stock market trading on Tuesday, with the Straits Times Index (STI) climbing 19.29 points or 0.7 per cent up to 2,820.24 on early indications that the more market-acceptable candidate Hillary Clinton was the early leader.