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Daily Debrief: What Happened Today
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CAPITALAND will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) to make the largest hospitality trust in the Asia-Pacific and the eighth biggest globally, with a total asset value of S$7.6 billion.
VALIDUS, which is backed by Temasek Holding's Vertex Ventures, told The Business Times (BT) on Wednesday that it will apply for a licence once applications are open by the Monetary Authority of Singapore (MAS) in August.
MTI has accepted five recommendations from a tripartite committee, ranging from strengthening links between industry and institutes of higher learning, to supporting continuing education and training for design educators and professionals.
THE COE premiums for cars up to 1,600cc and 130bhp closed higher at $28,589, up from $26,999. Those for cars above 1,600cc or 130bhp finished lower at $34,000, down from $35,906.
FRASERS Logistics & Industrial Trust (FLT) is planning to acquire 12 freehold logistics properties – nine in Germany and three in Australia – from its sponsor Frasers Property for A$644.7 million (S$612.5 million).
THE Singapore Exchange (SGX) has rejected respective requests from ASTI Holdings and Dragon Group International (DGI) for further extensions to hold their fiscal 2018 annual general meetings (AGMs), telling them to hold their AGMs "as soon as possible".
The STI today