Daily Debrief: What Happened Today

Stories you might have missed

New private home sales in September rebound by 51% over August: URA data

DEVELOPERS in Singapore sold 932 private homes last month, up 51 per cent from the 617 units they moved in August and also nearly 42 per cent higher than the 657 units they booked in September last year.

Nets unveils PayCollect, online billing and collections system for businesses

BUSINESSES will be able to send e-invoices as request-to-pay notifications via SMS or email, and customers can make payment via DBS, OCBC, UOB or NetsPay mobile apps by clicking on a link in the notification.

StarHub CEO, who stormed in with job cuts, wants cheaper network

STARHUB chief executive officer Peter Kaliaropoulos said the company, Singapore's No. 2 telephone carrier, is looking to pare costs even further by sharing infrastructure after announcing he would trim the company's workforce by about 12 per cent.

Valuations veteran Lim Khee Boon to join JLL from Savills

JLL has appointed valuations heavyweight Lim Khee Boon as senior director for its institutional cross-border valuations for South-east Asia, as the consultancy seeks to win more cross-border portfilio valuation work across Asia.

Singapore inflation expectations down to 2.88% for year ahead: poll

THE results of the Singapore Index of Inflation Expectations (SInDEx) by the university's Sim Kee Boon Institute for Financial Economics (SKB Institute) came in days after the Monetary Authority of Singapore (MAS) said it would increase the pace of the Singapore dollar's appreciation, its second consecutive tightening.

Rex International to divest interest in Barents Sea licence

A 90 per cent-owned unit of Rex International will divest its 20 per cent participating interest in the Barents Sea licence PL850 to an external third party, as part of a bid by the oilfield services firm to focus on its core assets and areas close to infrastructure in the Norwegian North Sea.

Corporate earnings

Nico Steel posts US$121,000 H1 profit; starts production of 3 new alloy products

The STI today

Singapore shares close 0.8% lower on Monday

SINGAPORE stocks ended lower on Monday, with the Straits Times Index shedding 23.2 points or 0.8 per cent to 3,045.97.