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Daily Debrief: What Happened Today

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CERTIFICATE of entitlement (COE) premiums for cars and commercial vehicles rose, with only the motorcycle premium softening.

Car COE premiums edge up

Certificate of entitlement (COE) premiums for cars and commercial vehicles rose, with only the motorcycle premium softening.

Young couples can soon get their homes in Singapore sooner: HDB

HDB unveiled on Wednesday it will offer some Build-To-Order (BTO) flats with shorter waiting time, and introduce a new sales mode, the Re-Offer of Balance Flats (ROF), in August to help young couples get their new homes sooner.

Market voices on:

DBS prices green bonds at quarterly coupon of three-month US$ Libor + 0.62%

DBS Group Holdings (DBSH) said on Wednesday that it has successfully priced the issue of US$500 million floating rate green bonds due in 2022.

Aviva to sell Friends Provident International to RL360 Holding for £340m

Insurer Aviva plc on Wednesday said that it will sell Friends Provident International Limited (FPIL) to RL360 Holding Company, a subsidiary of International Financial Group, for a total of £340 million (S$606 million).

Five growth industries picked for more focused job help: Lim Swee Say

More effort will be poured into helping job seekers find jobs in five growth industries, with political office holders stepping up to coordinate work in each sector, said Manpower Minister Lim Swee Say on Wednesday.

Broker's take: DBS downgrades M1 as major shareholders shelved plans to rid stakes

DBS Vickers Securities on Wednesday downgraded M1 after the telco posted disappointing second quarter results and its three major shareholders, with a combined stake of 61 per cent, called off a strategic review of their stakes.

Hot stock: Rowsley surges 57.5% following billionaire Peter Lim's proposed injection

After real estate and investment company Rowsley said on Tuesday that controlling shareholder and Singapore billionaire Peter Lim will be injecting his 100 per cent Thomson Medical Pte Ltd and 70.36 per cent Bursa Malaysia-listed TMC Life Sciences stakes into the firm, shares of Rowsley climbed 57.5 per cent to open at S$0.115 on Wednesday.

Corporate Earnings

The STI Today

STI extends gains by another 18.99 points

Singapore shares continued their rally for the fifth straight session on Wednesday, driven by the developments surrounding real estate and investment company Rowsley and NetLink NBN Trust's listing on the local bourse.