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Daily Debrief: What Happened Today
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SINGAPORE'S manufacturing output grew 4.3 per cent year on year in October, more than rebounding from September's marginal 0.1 per cent fall and exceeding economists' expectations of 2.6 per cent growth, according to preliminary estimates from the Economic Development Board on Monday.
THE High Court has granted a sale order to Goodluck Garden’s S$610 million collective sale on Monday following a lengthy dispute, but Justice Woo Bih Li also criticised marketing agent Knight Frank, the property’s collective sale committee (CSC) and the CSC's lawyers Rajah & Tann for how they handled the sale.
THE amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016.
HYFLUX has convinced a Singapore High Court to extend its debt moratorium by four-and-a-half months to April 30 next year, despite arguments from some bank creditors that the insolvent firm should be kept on a tighter leash.
THIS comes on the back of a memorandum of understanding signed by DBS Bank and China’s UnionPay International that will enable more than one million DBS PayLah! users to use the e-wallet overseas for cross-border QR code payments.
The STI Today
SINGAPORE stocks ended higher on Monday, with the Straits Times Index rising 40.89 points, or 1.34 per cent to 3,093.38.