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Daily Debrief: What Happened Today
Singapore's key interest rates continue to rise to levels last seen in 2008 as worries over China's woes persist.
Rental prices in the non-landed private residential sector here are expected to decline by about 5 to 8 per cent this year while rental transactions will probably hold firm, said ERA.
CapitaLand Commercial Trust, Singapore's largest office real estate investment trust by value, is selling an office tower in the city-state's central business district, according to a person familiar with the transaction.
Three former Singapore Technologies Marine (ST Marine) senior executives have been slapped with additional charges in court on Wednesday, the Corrupt Practices Investigation Bureau (CPIB) said in a media release.
Salaries of professionals in the life sciences sector here are expected to rise by 3 to 5 per cent this year, as they become increasingly well-rounded, driven by progress in industry requirements.
Chinese property developers, among the heaviest borrowers in the Asian high-yield sector, are scrabbling to take advantage of cheaper funding costs at home, after a foray into offshore debt markets that has become a growing headache.
The STI Today
After the selling and volatility of the first seven sessions of 2016, the eighth session on Wednesday, during which the Straits Times Index finished a nett 4.72 points higher at 2,696.50 in a largely quiet trading, did at least give battered traders some relief.