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Daily Debrief: What Happened Today
Retail sales surged in November, reversing course from the slump in October. Total takings grew 5.3 per cent in November compared to the same month a year ago, according to latest data by the Singapore Department of Statistics.
Credit Suisse Group AG warned that gains for Singapore's real estate investment trusts may be limited this year after a surge in prices in 2017 left valuations looking stretched
SingaporE-based M&L Hospitality has opened its new 182-room hotel in Sydney, its third property in Sydney to date. West Hotel is the second new hotel to be constructed in Sydney's central business district in the last 17 years, the hotel group highlighted.
Far East Hospitality Real Estate Investment Trust (Reit), which trades as part of the stapled Far East Hospitality Trust, is buying the 314-room Oasia Hotel Downtown in the Tanjong Pagar district for S$210 million in cash before fees.
Top Glove Corporation will pay RM1.37 billion (S$458 million) for investment holding company Aspion, after entering into a conditional share purchase agreement on Friday for all of its shares.
Tat Hong Holdings' chief executive and Standard Chartered's private equity arm are launching a privatisation bid for the mainboard-listed crane supplier at S$0.50 per share.
The STI Today
Share prices in the Singapore bourse snapped two straight days of losses and inched up 7.9 points or 0.2 per cent to finish at 3,520.56 on Friday.