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Daily Debrief: What Happened Today
The iconic Golden Mile Complex, if it finds an en bloc buyer, may be developed as an integrated development with a gross floor area (GFA) of 85,977.5 square metres, the Urban Redevelopment Authority (URA) has advised. This is subject to the conservation of the landmark’s main building.
Singapore has inked its third inter-governmental agreement with China, with Singapore's securities regulator announcing on Tuesday that it has signed a new strategic cooperation agreement with the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) Administrative Bureau.
Catalist-listed coffee shop operator Kimly has received an advance repayment of S$1.4 million from the vendor in its aborted acquisition of Asian Story Corporation (ASC), which is under probe by the authorities.
Nasdaq-listed Equinix plans to build a fourth data centre in Singapore at an initial cost of US$85.3 million. The seven-storey facility in Tai Seng Industrial Estate, called SG4, is expected to open in the fourth quarter of this year.
ISR Capital said on Tuesday that an estimate for the initial development costs of a mining asset in Madagascar are based on its chairman's industrial experience, and that the company is confident that it has the means to commercialise the project.
Resale prices of private non-landed homes in Singapore declined last month after rising in November, flash estimates by real estate portal SRX Property on Tuesday showed.
Asia-Pacific logistics real estate platform ESR, AXA Investment Managers - Real Assets (AXA IM), and a major sovereign wealth fund have entered into a joint venture, and have acquired for US$1 billion six logistics properties in Japan completed by ESR.
Singapore-based users of Singtel's mobile payments platform Dash will be able to send money to Myanmar by March, thanks to a new grant agreement between the telco and the United Nations Capital Development Fund (UNCDF).
The STI Today
Singapore stocks closed with gains on Tuesday, with the Straits Times Index rising 0.65 per cent or 20.14 points to 3,122.94.