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Daily Debrief: What Happened Today

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Minister for National Development Lawrence Wong said in a blog post on Monday that his ministry is looking into how to let buyers of shorter-lease flats use more of their CPF funds for their purchase, without compromising on their retirement savings.

Government studying more CPF use for older HDB flats; lease buyback extended to all flats
MINISTER for National Development Lawrence Wong said in a blog post on Monday that his ministry is looking into how to let buyers of shorter-lease flats use more of their CPF funds for their purchase, without compromising their retirement savings. 


Singapore's Q2 wholesale trade rises 10.3%
With petroleum stripped out, domestic wholesale trade fell 0.4 per cent compared to a year ago. After adjusting for price changes, overall domestic wholesale trade registered a year-on-year decrease of 5.4 per cent.


SGX share buyback sustains momentum, exceeds S$100m in August
COMPANIES listed on the Singapore Exchange (SGX) have continued their momentum in share buybacks this month, with 23 stocks reporting buybacks totalling more than S$100 million in the first 12 sessions of August, SGX market strategist Geoff Howie said in a Monday market update. 


Cheng Hoe House along Kovan Road up for collective sale at S$28m
THE reserve price reflects a land rate of S$1,082.9 per square foot per plot ratio (psf ppr), including a development charge of about S$6.1 million.  

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ST Engineering unit, Siemens group wins S$18.8m LTA contract for integrated rail asset management system
THE Land Transport Authority (LTA) said in a statement on Monday that the Rail Enterprise Asset Management System (Reams) will enable engineers to better monitor the health of various rail operating assets over their respective life cycles. 


Alliance Mineral swears in executive chairman; receives lawyers' letters from ex-CEO and wife
CATALIST-LISTED Alliance Mineral Assets said during Monda lunch break, that Pauline Gately has been redesignated executive chairman in recognition of her significant role in the proposed merger between the company and Australia-listed Tawana Resources. 


The STI today

Singapore shares close 0.1% lower on Monday
SINGAPORE stocks ended lower on Monday, with the Straits Times Index dropping 4.73 points or 0.1 per cent to 3,204.71.