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Daily Debrief: What Happened Today
Singapore Budget 2018: Buyer's stamp duty hike may translate to higher prices for new projects: Redas
THE recent hike in the top marginal rate of the buyer's stamp duty (BSD), along with the substantial premiums developers pay for residential sites, may translate to higher prices for new projects in the future, said president of the Real Estate Developers' Association of Singapore (Redas), Augustine Tan.
Singapore consumer prices stay flat in January
OVERALL consumer prices in Singapore remained flat in the first month of 2018, even though the cost of key items such as healthcare and education went up.
ST Engineering to unify brands, eyes health and medical tech
ST Engineering announced it will be moving to a unified brand from June this year to build stronger brand equity, group president and chief executive Vincent Chong said during the company's earnings briefing on Friday.
SGX requests Datapulse to appoint independent reviewer to audit company
THE Singapore Exchange (SGX) has asked mainboard-listed disk-drive maker, Datapulse Technology, to appoint independent professionals to undertake a review of the company's internal controls and corporate governance practices, the bourse operator said in a statement on Friday.
Brokers' take: UOB Kay Hian bullish on Venture, sees profit surpassing 2018 consensus estimate
UOB Kay Hian has upgraded mainboard-listed Venture Corporation to a "buy", and is upbeat that the global electronics provider has potential revenue in excess of S$2.5 billion per year.
Drew & Napier CEO Cavinder Bull elected to ICCA Governing Board
THE Governing Board of the International Council for Commercial Arbitration (ICCA) has elected Drew & Napier's CEO Cavinder Bull to join them as a board member effective April 1 this year.
NTUC appoints Desmond Choo, Melvin Yong as assistant secretaries-general
THE National Trades Union Congress (NTUC) Central Committee on Friday said it has endorsed the appointment of two of its directors as assistant secretaries-general (ASG), effective April 1.
- Sembcorp Q4 profit down 85%; plans to list India energy business
- Healthway Medical narrows Q4 net loss to S$28.8m
- ST Engineering's full-year profit up 6%; proposes final dividend of 10 S cents per share
The STI today
Singapore shares close up by 1.28% on Friday
SINGAPORE stocks bounced back into positive territory on Friday, with the benchmark Straits Times Index up by 44.76 points, or 1.28 per cent, to 3,533.22.