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Daily Debrief: What Happened Today
URA Property Data
- Retail property rentals, prices fall at slower clip in Q2 but vacancy rises: URA
- URA private home price index dips 0.1% q-o-q in Q2; rental index down 0.2%
- URA office rental index slips 1.1 % q-o-q in Q2; vacancy rises to 12.4% at end-June
- Resale price index of public housing in Singapore slips
Magnus Bocker, who led the Singapore Exchange (SGX) after the global financial crisis, has died from cancer in the United States, the Business Times has learned. He was just over a month shy of turning 56.
- Bocker 'was a driving force for change': SGX
- Bocker had 'gift of building industry-defining businesses': Blibros
Companies with dual-class share (DCS) structures that are primary listed in developed markets will be allowed to hold a secondary listing in Singapore, the Singapore Exchange (SGX) said on Friday.
The actual number of retrenched in 2017 will be less than the high of about 19,500 in 2016, said NTUC assistant secretary-general Patrick Tay in a Facebook post on Friday.
NUS Enterprise, the entrepreneurial arm of the National University of Singapore, in partnership with Indonesia's Salim Group, on Friday announced the launch of BLOCK71 Jakarta.
DBS Group Holdings said on Friday that it has appointed Hou Wey Fook as chief investment officer, consumer banking and wealth management, effective early September 2017.
Resident jobless rate and retrenchments in Singapore in the second quarter of 2017 are lower than in the first quarter of 2017, preliminary figures released on Friday by the Ministry of Manpower (MOM) showed.
Insurer AIA Singapore on Friday posted a 10 per cent year-on-year fall in value of new business (VONB), which is a measure of expected profits from new premiums, to US$135 million for the six months ended May 31, 2017, on a constant exchange rate basis.
K1 Ventures has agreed to sell off its entire interest in Guggenheim Capital for a gross cash consideration of US$221 million (S$300.4 million) , which will boost its earnings per share by about 31 Singapore cents for the financial year ending June 30, 2017.
The STI Today
Singapore shares closed lower with the key Straits Times Index retreating 24 points or 0.7 per cent to finish at 3,330.75 on Friday.