Daily Debrief: What Happened Today

Stories you might have missed

Government yet to decide on exact timing of GST increase to 9%: Heng Swee Keat

THE government has yet to decide on the exact timing of the planned Goods and Services Tax (GST) hike by two percentage points to 9 per cent, and it will exercise care in doing so, Finance Minister Heng Swee Keat said on Thursday.

Singapore fintech investments more than double to US$365m in 2018 amid global surge: Accenture

THE number of deals in Singapore rose 16 per cent to 71 in 2018 from 61 in 2017, according to Accenture, which defined fintech companies as those that offer technologies for banking and corporate finance, capital markets, financial data analytics, insurance, payments and personal financial management.

Frasers Centrepoint Trust to buy 17.1% stake in PGIM Real Estate Fund for S$342.5m

FCT's wholly owned subsidiary, FCT Holdings (Sigma), has entered into 12 agreements with certain shareholders of the fund to purchase 90,346 shares, representing a 17.1312 per cent stake in the fund, said FCT's trust manager in a regulatory filing on Thursday.

URA launches tender for Clementi Avenue 1 residential site

THE site has a permissible gross floor area (GFA) of 57,900 square metres (sq m) on 16,542.7 sq m of land, which works out to a gross plot ratio of about 3.5 times.

Industry body unveils fintech accelerator and mentorship programme for asset managers

THE Digital Accelerator Programme (DAP) will allow fintech startups to work with professional mentors and develop solutions that can be rapidly commercialised.

Corporate earnings

The STI today

Geopolitical tensions weigh as Singapore shares lose 1.2% on Thursday

THESE factors lent their hand in the Straits Times Index dropping 37.33 points or 1.2 per cent to 3,212.69.