Daily Debrief: What Happened Today

Cairnhill Mansions to be launched for en bloc sale for S$362m

Cairnhill Mansions, a freehold development in prime district 9, will be launched for collective sale in the next few weeks with an asking price of S$362 million. More than 80 per cent of owners have signed the collective sale agreement, joining the hot spate of en bloc launches this year.

SIAEC conducts largest 1-day share buyback in a year as stock slumps

SIA Engineering Company (SIAEC) conducted its largest share buyback exercise in a year on Wednesday, hauling back 419,300 shares as its stock slumped to a six-year low on Wednesday.

HDB resale prices slip 0.3% m-o-m in September; volume down 14%: SRX

HDB resale prices slipped 0.3 per cent in September from a month ago, marking a reversal from a 0.2 per cent uptick in August, SRX Property flash estimates show.

SkillsFuture for Digital Workplace launched to prepare Singaporeans for digital economy

THE SkillsFuture for Digital Workplace was launched on Thursday by Minister for Education (Higher Education and Skills) Ong Ye Kung.

Peter Lim files police report against scammers

Singaporean billionaire investor Peter Lim has lodged two police reports against online scams involving false and misleading accounts using his name and images.

Pimco sees chance that MAS surprises by tightening

There's a chance the Monetary Authority of Singapore may surprise financial markets by tightening its policy stance this month, according to Pacific Investment Management, a move that could make it among the first central banks in Asia to do so.

MAS, ABS-led consortium announces breakthrough in enhanced-privacy blockchain prototypes

A consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has developed new blockchain software prototypes which decentralise payment netting while preserving transactional privacy.

Broker's take: CIMB maintains 'add' on CDL following Amber Park sale

CIMB is maintaining its call for investors to add more City Developments Limited (CDL) shares, following the developer's successful bid for Amber Park with a record price tag of S$906.7 million.

Broker's take: UOB Kay Hian maintains 'hold' on SembMarine

UOB Kay Hian maintained a hold call on Sembcorp Marine on Thursday morning, stating that the recent termination of the Oro Negro rig-building contracts should have no impact on SembMarine's bottom line in the coming quarters.

The STI Today

Singapore shares close higher as banks push STI up 25 points

After a two-day correction (or a bout of short-selling), a rebound (or short-covering) in the three banks on Thursday helped elevate the Straits Times Index (STI) by 25.19 points to 3,261.84.