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Daily Debrief: What Happened Today

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NOBLE Group has agreed to stand down as a noteholder of debt-ridden Australia-listed miner Sundance Resources, the Singapore-listed commodities trader said in a bourse filing on Tuesday morning.

Noble agrees to swop Australian miner's notes for cash, shares and options
NOBLE Group has agreed to stand down as a noteholder of debt-ridden Australia-listed miner Sundance Resources, the Singapore-listed commodities trader said in a bourse filing on Tuesday morning. 


Motor insurance sector suffers underwriting loss of S$12.6m for first half of 2018: GIA
THE association said there had been a "significantly higher increase" of 11.8 per cent in incurred motor insurance claims, totalling S$291.3 million for the interim period, despite a dip of 4.3 per cent in the number of reported motor accidents. 


JTC launches tender for 5,953 sq m Tuas South industrial government land sales site
THE site is zoned B2 – an industrial land use category that includes clean industry, light industry, general industry and warehouse use – and has a maximum gross plot ratio of 1.4. 


Virtual reality studio Vividthree opens in Catalist debut at S$0.225 a share
IVIDTHREE Holdings (VVH) made its debut on the Singapore Exchange's (SGX) Catalist board on Tuesday morning, opening at at S$0.225 apiece, 10.1 per cent lower than its IPO (initial public offering) price of S$0.25.

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LTA to launch QR code for bike parking system; errant users to be charged $5 or even banned
USERS who do not park properly and scan the QR code from January will be charged $5 by licensed operators, and those who fail to park any shared bike properly at least three times in a calendar year will be banned from using sharing services for up to a year.


Nico Steel expects 'significant increase' in six-month net profit
The projected jump in consolidated net profit was attributed to an improvement in operating results that stem from its Nico-branded products, according to a positive profit guidance released on Tuesday.


The STI today

Singapore shares close higher on Tuesday
SINGAPORE stocks ended higher on Tuesday, with the Straits Times Index rising 16.92 points, or 0.5 per cent, to 3,236.08.