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Daily Debrief: What Happened Today

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The potential acquisition of Uber by Grab, reported by Bloomberg, could be positive for ComfortDelGro if it happens in Singapore.

ComfortDelGro to gain from Grab-Uber deal, likely rail-fare hike: Maybank Kim Eng
THE potential acquisition of Uber by Grab, reported by Bloomberg, could be positive for ComfortDelGro if it happens in Singapore, as the consolidation could reduce competition for the taxi industry, Maybank Kim Eng analyst John Cheong wrote in a Friday report.


Grab launches bike-sharing marketplace app GrabCycle
BIKE-SHARING services oBike, GBikes, Anywheel and Popscoot will be available in a single app, South-east Asian ride-hailing service Grab revealed on Friday.


Scope for 'selective' flexibility in foreign manpower policy: Lim Swee Say
EVEN amid tightening criteria for hiring foreign manpower, there is scope for economic agencies to exercise some flexibility when it comes to allowing companies to bring in the talent they need, said Manpower Minister Lim Swee Say.


Noble Group responds to SGX queries over sizeable FY17 non-cash losses
COMMODITY trader Noble Group has provided some clarification to the exceptional losses it booked last year, in response to queries from the Singapore Exchange (SGX).

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Koh Brothers unit wins bid for Toho Mansion in Holland Village
KBD Ventures, a subsidiary of construction and property developer Koh Brothers, has won the en bloc tender for Toho Mansion along Holland Road for S$120.43 million or around S$1,805 per square foot per plot ratio.


Court throws out PropertyGuru's copyright infringement claims against 99.co
A SINGAPORE court on Friday dismissed property listing portal PropertyGuru's claims that rival 99.co had infringed its copyright by reproducing photos bearing the PropertyGuru watermark on the latter's website without permission.


 

The STI today

Singapore shares end flat
SINGAPORE shares ended flat on Friday as investors were unnerved by US trade tariffs on steel and aluminium imports, and possible retaliatory moves.