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Daily Debrief: What Happened Today

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City Developments Limited (CDL) is offering to take Millennium & Copthorne (M&C) private after negotiations began in August, the company said on Monday.


City Developments may make general offer for Millennium & Copthorne
Property developer City Developments Limited (CDL) has negotiated a price with its London-listed hotel arm, Millennium & Copthorne (M&C), for a possible general offer that would price the unit at about £1.8 billion (S$3.2 billion). 

OCBC, StarHub invest S$6m to drive Singapore's 'We Economy'
Homegrown big names OCBC and StarHub on Monday announced a S$6 million bank-telco partnership to drive Singapore's "We Economy" and better serve their customers.

Owners of Tai Wah Building along Killiney Road seek S$81m bid
Completed in the mid-1980s, Tai Wah Building is a four-storey building comprising two shops and six apartments. The freehold site has a land area of about 13,148 sq ft and is zoned for "residential with commercial at first storey" under Master Plan 2014.

Noble: Changes in working capital, escrow led to lower amount received in sale of unit
Changes in working capital and amounts placed in escrow led commodity trader Noble Group to receive less from the sale of its gas and power unit than had earlier been indicated, the company said on Monday in response to queries from the Singapore Exchange (SGX).

Traffic growth for Asia-Pacific airlines up 9% in August, outpaces other regions
Air traffic for Asia-Pacific airlines grew 9 per cent year on year in August at a faster pace than other regions, data from the International Air Transport Association (Iata) showed.

SingPost opens flagship Smart Post Office
After two years of redevelopment, SingPost Centre reopened on Monday as a one-stop lifestyle destination, enabling "next generation retail in a smart nation".

Global Logistic gets SGX nod, aims to be delisted by April 14, 2018
Global Logistic Properties (GLP) and its offeror are aiming to take the company private by April 14, 2018 after receiving in-principle approval from the Singapore Exchange (SGX), the group announced on Monday morning.

The STI Today

Singapore shares close unchanged on Monday, recovering from initial fall
SINGAPORE stocks finished pretty much unchanged on Monday, with the Straits Times Index up 0.27 point, or 0.01 per cent, to 3,291.56.


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