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Daily Debrief: What Happened Today
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DEVELOPERS in Singapore sold 455 private homes in February, up 4.4 per cent from the 436 units they moved in January, and 18.5 per cent higher than the 384 units they sold in February a year ago.
THE bulk of the proceeds will go towards partially repaying a loan facility taken for the A$770 million (S$737.6 million) acquisition of Ixom HoldCo, a water treatment chemicals distributor.
THE company broke ground on Friday for an upcoming 10-storey building at 30B Quality Road that will span 300,000 square feet and replace the group’s current headquarters at Enterprise Road.
THE company’s proposed rights issue of US$730 million would "significantly improve" the company's liquidity and help reduce debt, S&P said.
THERE has been a lot of talk about Indonesia’s unbanked population, but not many businesses are actually walking the walk to serve them, says Insignia Ventures Partners founding managing partner Tan Yinglan.
The STI today
THE Straits Times Index (STI) added 2.26 points or 0.07 per cent to close at 3,200.18.