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Daily Debrief: What Happened Today
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THE Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) have released two residential sites and one "white" site for sale under the second half 2018 Government Land Sales (GLS) Programme, which could in all yield about 2,000 residential units.
GLOBAL trade tensions and property cooling measures in Singapore have taken their toll on fourth-quarter business sentiment in the manufacturing and services sectors, according to separate updates from the Economic Development Board (EDB) and the Department of Statistics (SingStat) on Wednesday.
EXXONMOBIL will contribute US$10 million over five years as the first founding industry partner for the new Singapore Energy Centre, in the oil and gas supermajor’s first research and development partnership outside the US.
HYFLUX is likely to seek another four months of reprieve from creditors before its current court-approved debt moratorium expires on Dec 18.
CROMWELL European Reit (Cromwell E-Reit) is acquiring 23 properties across the Netherlands, Finland, Poland, Italy and France for around 384.4 million euros (S$604.98 million), and will seek to raise 224.1 million euros in an underwritten and renounceable rights issue to partially fund the acquisition.
PROPERTYGURU has pulled in S$200 million from KKR & Co, raising funds for the first time in three years as Southeast Asia's largest real estate portal prepares to delve into new business areas.
- CDLHT posts 4.8% fall in Q3 DPS to 2.18 S cents
- IndoAgri Q3 profit plunges 91.3% to 8.74b rupiah on weak commodity prices
The STI today
SINGAPORE shares closed higher on Wednesday, with the Straits Times Index up 52.35 points or 1.8 per cent to close at 3,018.80.