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Daily Debrief: What Happened Today
GOLD prices' recent rally on geopolitical concerns is not likely to be sustained to the end of the year, said Barnabas Gan, OCBC Bank economist.
LOW-COST airline Norwegian plans to start non-stop flights between Singapore's Changi Airport and London Gatwick Airport on Sept 28 this year, Changi Airport Group said in a release on Thursday.
SINGAPORE Exchange (SGX) saw net profit decline 6.8 per cent to S$83.1 million in its fiscal third quarter on lower derivatives volumes.
CONGLOMERATE Keppel Corp's first-quarter net profit rose 23.7 per cent to S$260.4 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.
GIC Pte and Mapletree Investments Pte are going back to school. Singapore's sovereign wealth fund and the city-state-based real estate investor helped fuel a record US$16.2 billion of student-housing acquisitions last year.
THE Australian arm of Singapore-listed Frasers Centrepoint Limited, together with a joint venture partner in a Sydney Central Park development, has entered into option agreements with an impact investment fund on the sale of a hotel and commercial space in a Central Park precinct.
AN associate company of mainboard-listed Ziwo Holdings and its partners will invest 10 million yuan (S$2 million) in a joint venture to build electric-vehicle chargers for sale in Sichuan and other provinces in southern China.
The STI Today
SINGAPORE equities finally broke the four-day losing streak to close higher on Thursday, led by a rally in banking stocks.