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Daily Debrief: What Happened Today

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Grab and Uber have been collectively fined more than S$13 million for the Grab-Uber merger, on grounds that the deal “removed Grab’s closest rival to the detriment of Singapore drivers and riders”.

Singapore competition watchdog fines Uber, Grab more than S$13m for merger
UBER'S share of the fine is S$6.58 million and Grab's is S$6.42 million, according to a statement by the Competition and Consumer Commission of Singapore (CCCS), which formally issued its Infringement Decision. 

MAS explains its investigative powers covering financial sector in latest enforcement monograph
IN its monograph, the MAS explained how it prioritises cases for investigation, and which cases it chooses to take to the end. 

Singapore's inflation steady in August at 0.7%, in line with expectations
CORE inflation, which strips out the cost of accommodation and private road transport, rose by 1.9 per cent in August – unchanged from July as higher retail and food inflation offset a moderation in services inflation. 

Upper East Coast landed property launched for sale with S$26m asking price
TWO pairs of semi-detached homes - 9 and 9A, Jalan Haji Salam, and 11 and 11A, Jalan Haji Salam - are being sold collectively, agent Edmund Tie & Company told The Business Times.

Nine HDB shops in mature estates go on sale for S$34m
THE ground-floor units range from 581 square feet to 2,776 sq ft, and are in the town centres of the Ang Mo Kio, Toa Payoh, Bedok, Tampines, Changi Village, Yishun and Ubi estates.

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Keppel looking into possible transaction involving Keppel T&T interest; also considering M1 stake with SPH
KEPPEL Corp is considering a potential transaction of its stake in logistics and data centre arm Keppel Telecommunications & Transportation (Keppel T&T) and has asked SPH to take part in a possible transaction involving their stakes in listed telco M1, according to filings with the Singapore Exchange on Monday morning.

Sabana Reit ends rent standoff with Changi South tenant; variation reached on lease, no impact to DPU expected
SABANA Reit has received a cashier's order from the tenant, Adviva Distribution, for some S$2.15 million.

The STI today

Singapore shares close flat on Monday
SINGAPORE stocks finished flat on Monday, with the Straits Times Index adding just 0.05 per cent, or 1.48 points to end at 3,219.16.


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