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Daily Debrief: What Happened Today
Singapore SMEs will look to expand in 2019, but show greater caution than six months ago as trade tensions continue to simmer, the latest SBF-DP SME Index showed on Monday. A joint initiative of the Singapore Business Federation (SBF) and DP Information Group (DP Info), the index measures the business sentiment of over 3,600 SMEs for the next six months.
59 freehold shop units of Ming Arcade, a freehold commercial building near the junction of Orchard Road and Cuscaden Road, has been made available for sale through an expression of interest (EOI) exercise with a guide price of S$51 million, or about S$4,470 per square foot, marketing agent CBRE said on Monday.
[KUALA LUMPUR] Malaysia intensified its efforts to rein in spending by reducing the cost of an almost US$14-billion mass-rapid transit project, as Prime Minister Mahathir Mohamad reviews programmes he says his predecessor kicked off under unfair terms.
Singapore Airlines (SIA) has been named as one of 50 “Genius Companies” in an inaugural annual list compiled by Time Magazine. SIA is the only South-east Asian company on the list and one of a small number of Asian companies named, including technology firm DJI and Xiaomi from China, and Nintendo from Japan.
The Ministry of Health (MOH) has suspended 10 clinics from the Community Health Assist Scheme (Chas) for severe non-compliance. The suspension will take place from Oct 23, said MOH in a statement on Monday.
The STI today
Share prices on the Singapore bourse closed lower on Monday, with the key Straits Times Index down 28.34 points, or 0.88 per cent, to 3,181.45. The most actively traded stock was Chip Eng Seng Corporation, which lost 9.5 Singapore cents, or 10 per cent, to end at S$0.85 after 197.6 million shares changed hands.