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Daily Debrief: What Happened Today

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Private home price index gain slows to 0.5% q-o-q in Q3: URA flash estimate

The Urban Redevelopment Authority's (URA) widely-watched private residential property price index rose 0.5 per cent in the third quarter of 2018 over the preceding quarter, based on a flash estimate released by the authority on Monday morning.

OCBC Bank cancels sale of stake in Hong Kong Life Insurance for HK$2.4b

OCBC Bank on Monday announced it has terminated the sale of its 33.33 per cent stake in Hong Kong Life Insurance Limited, saying the closing conditions had not been satisfied by the long stop date of Sept 30.

3 office floors of The Octagon at Cecil Street up for bulk sale with S$45.5m indicative price

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Three freehold office floors of The Octagon at 105 Cecil Street have been put up for bulk sale via tender, marketing agent Cushman & Wakefield announced on Monday. The tender exercise for the 14th, 15th and 17th floors of the 25-storey office building will close on Nov 1, 2018, at 3pm.

MPA dishes out S$26m to promote LNG use as marine fuel

Ahead of the implementation of a green shipping regulation, the Maritime and Port Authority of Singapore (MPA) has spent S$26 million to kick-start the use of liquefied natural gas (LNG) as a cleaner burning marine fuel.

CAAS clocks S$78.05m net surplus for FY17/18

The Civil Aviation Authority of Singapore's (CAAS) net surplus for the year ended March 31, 2018 strengthened to S$78.05 million from S$76.44 million a year ago.The aviation regulator's surplus was partly boosted by lower contributions to a government consolidated fund. For the year under review, the contributions were S$15.23 million, versus S$16.48 million a year ago.

SPH unveils digital photo marketplace Photonico

Photonico, a new digital photo marketplace featuring Asian contemporary culture and heritage photography, has been launched by Singapore Press Holdings (SPH).

Shanghai Turbo names 4 new independent directors; 3 independent directors quit

ShanghaiTurbo Enterprises has appointed four new independent directors to faciliate the renewal of the board to provide a fresh perspective, it said in a filing with the Singapore Exchange.

China Environment authorises subsidiary's creditor to run unit, collect rental income

China Environment has given authorisation to a creditor of its wholly owned unit Anhui Dongyuan Environmental Protection Co to take over management of Anhui and to collect rental income at its property.

The STI Today

Singapore shares end flat on Monday

Singapore shares closed flat on Monday, with the Straits Times Index down 1.59 points to 3,255.46. About 1.05 billion shares worth S$765 million in total changed hands, which worked out to an average unit price of S$0.73 per share. 

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