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Daily Debrief: What Happened Today
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An emphasis on defence and building a smart nation during Singapore Finance Minister Heng Swee Keat's budget speech sent defence contractor Singapore Technologies (ST) Engineering to the top of the winners' list for many analysts, with DBS, RHB and CGS-CIMB highlighting the stock.
REDAS new president Chia Ngiang Hong called for some flexibility in terms of the timeframe needed to sell out projects when it came to the remissible additional buyers' stamp duty (ABSD) for developers.
THE shareholders advocacy group also known as Sias met with officers from the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) on Feb 13, 2019 to relay the concerns of Midas shareholders anxious about the outcome of the police reports lodged with CAD.
THE facility will have a gross floor area of approximately 36,300 square metres and is expected to be completed by the second quarter of 2020. It will expand the client’s existing operations in Singapore.
The properties will be sold with existing tenancy at a price of S$25 million for both shophouses, the real estate company told The Business Times.
The STI today
The Straits Times Index, which spent much of Tuesday's session treading above Monday's closing of 3,265.97, closed 6.17 points or 0.2 per cent lower at 3,259.80.