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Daily Debrief: What Happened Today
A total of 8,748 new HDB flats were launched for sale on Thursday across 25 towns or estates.
A new and radical international accounting standard for insurance contracts which seeks to make it easier for investors to compare how much insurers earn from policies will have a significant impact to Singapore-based insurance organisations.
Noble Group's stock and bonds rose on Thursday after people familiar with the matter said the embattled commodity trader has approached lenders to replace a credit facility with a new US$2 billion loan. Now investor focus shifts to bank support for that lifeline.
A joint bid of slightly above S$1 billion from Hong Kong-listed developer Logan Property Holdings and Chinese developer Nanshan Group have emerged top among 13 bidders for a residential site at Stirling Road.
The STI Today
The resilience displayed by the Straits Times Index (STI) on Wednesday to political upheaval in Washington and turmoil on Wall Street extended into Thursday when the index first plunged 35 points to an intraday low of 3,189 but ended with a net loss of just 2.44 points at 3,221.66 in the wake of the US market's largest sell-off in about nine months.