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Daily Debrief: What Happened Today
Certificate of entitlement (COE) premiums for cars and commercial vehicles rose, with only the motorcycle premium softening.
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.
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.
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).
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.
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.
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.
The STI Today
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.