Daily Debrief: What Happened Today

Lee Wei Ling, Lee Hsien Yang to stop presenting online evidence, welcome private settlement of Oxley Road dispute

The younger siblings of Singapore's Prime Minister Lee Hsien Loong have said on Thursday that they will stop presenting evidence on social media, and looked forward to settling a weeks-long dispute with PM Lee in private.

HDB resale transactions in June down 11.6% m-o-m, prices dip 0.1%: SRX

Transaction volume and prices of Housing & Development Board (HDB) resale flats fell in June from the previous month, with both indicators clocking a noticeable dip from recent peaks, flash data issued by SRX Property on Thursday showed.

MyRepublic to become an MVNO telco, not interested in buying M1; to IPO in 2018-19

Setting to rest months of speculation, fibre broadband services player MyRepublic said on Thursday that it is not interested in buying telco M1. Instead, in order to fulfil its mobile telco aspirations, the company will become a mobile virtual network operator (MVNO) in Singapore, buying mobile bandwidth wholesale from one of the telcos.

URA launches Beach Road commercial site for minimum bid price of S$1.138b

THE Urban Redevelopment Authority (URA) on Thursday released for tender a Beach Road commercial site, which includes a conserved building onsite, for sale at a minimum bid price of S$1.138 billion.

Hot stock: Noble Group rises almost 30 per cent on heavy trading

Shares in embattled commodity trader Noble Group surged almost 30 per cent on Thursday on heavy trading.

Frasers Logistics & Industrial Trust's 78m new units commence trading; existing units to get early payouts

78 million new units in Frasers Logistics and Industrial Trust (FLT) will start trading at 9am on Thursday, and existing units are expected to get an early payout, said the trust manager on Thursday in a filing to Singapore Exchange.

Mobike marks 100th day in S'pore with Mastercard partnership, free rides in July

Mobike on Thursday announced a partnership with Mastercard to integrate the latter's digital payment service, Masterpass, into its bike-rental mobile application. When integrated, riders can sync their Mobike accounts with Masterpass for easier, secure payment, said Mobike and Mastercard in a joint statement.

The STI Today

Singapore shares finish mixed; STI slumps 0.7% but broad market is firm

After Wednesday's unexpected 38-point jump, the Straits Times Index (STI) on Thursday sank to a 22.37 points or 0.7 per cent loss at 3,226.34, in line with weakness in Hong Kong and the Dow futures. Penny stocks, however, fared better, with the broad market managing 200 rises versus 222 falls, excluding warrants.