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Singapore Wrap Monday
Today's notable stories
- No assurance that public funds are properly spent: AGO audit of Aljunied-Hougang-Punggol East Town Council
There is currently no guarantee that the Aljunied-Hougang-Punggol East Town Council's (AHPETC's) accounts are reliable or that public funds are being properly spent, said the Auditor-General's Office (AGO) on Monday.
- Standard Chartered may increase staff in Singapore
Standard Chartered Plc, the UK bank that's cutting US$400 million of costs, will consider starting a desk in Dubai for Japanese corporate clients that wish to expand business in the Middle East. The bank may also increase staff in Singapore to service Japanese customers that want to boost operations in Southeast Asia, Yasunori Takeuchi, chief executive officer for Japan, said in an interview.
- Yoma Strategic Q3 net profit surges 49.8% to S$7.8m on currency gains
Thanks mainly to currency translation gains, Yoma Strategic Holdings Ltd said on Monday that its net profit for its third quarter ended Dec 31, 2014 surged 49.8 per cent year on year to S$7.8 million, causing its net profit for the first nine months of the fiscal year to more than double to S$19.9 million from S$9.5 million in the year-ago period.
- Cache Logistics Trust to acquire three properties in Australia for A$70m
Cache Logistics Trust has entered into separate sale and purchase agreements to acquire three industrial properties in Australia for A$70 million (S$74 million).
- Keppel Land buys London office block for £91 million
KEPPEL Land (KepLand) has bought a freehold office building in London for £91 million (about S$186 million). It said in a news release on Monday evening that it has inked a sales and purchase agreement with Aberdeen Property Trust for the nine-storey office building at 75 King William Street.