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Daily Debrief: What Happened Today
Developers in Singapore sold 1,724 private homes in July 2018, about 2.6 times the 654 units they moved in June 2018 and up 55 per cent from the 1,112 units they sold in July 2017.These figures were released by the Urban Redevelopment Authority (URA) on Wednesday based on its survey of licensed housing developers.
Singapore's banking sector will face greater headwinds over the coming quarters from the double whammy of the latest property cooling measures and rising trade tensions between the US and China, a research house said on Wednesday.
Singapore-based ride-hailing company Ryde Technologies on Wednesday unveiled a peer-to-peer, on-demand courier service named RydeSEND. It enables users to have small items - documents, parcels, flowers or even properly packed meals - delivered to a destination within 60 minutes.
Shareholders of India's Fortis Healthcare have approved a subscription of shares by Malaysia's IHH Healthcare, fulfilling a key condition for the acquirer to eventually aim for a majority stake.
China Sunsine Chemical Holdings said on Wednesday morning that it is not aware of any information not previously announced that could have caused the wide fluctuation in its share price over the last one week.
- Spackman Q2 loss widens to US$1.5m on lower film production revenue
- Ayondo reallocates IPO proceeds as Q2 losses double on revenue dip
The STI Today
Share prices in the Singapore bourse closed lower on Wednesday, with the key Straits Times Index down 8.75 points, or 0.27 per cent, to 3,234.12.