BT's Top Stories from Last Week

Published Wed, Sep 29, 2021 · 09:00 AM

    Temasek to take up 49% of Sembmarine rights issue; compliance offer expected

    In a statement late on Friday night, Sembmarine Sembcorp Marine: S51 0% announced its rights issue had closed on Sept 14 with valid acceptances for 15.9 billion or 84.2 per cent of the rights shares on offer.

    The global housing market is broken, and it's dividing entire countries

    Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions.

    Peter Tan ordered to pay S$8.5m to Prudential over mass poaching of agents

    Peter Tan, former Prudential top group agency manager, has been ordered by the High Court to pay the insurer S$4.8 million in damages, S$1.2 million in interest and S$2.5 million in legal costs for the poaching of more than 220 agents for rival Aviva.

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    StarHub to acquire control of MyRepublic's broadband unit

    StarHub announced plans to acquire a majority 50.1 per cent stake in MyRepublic's broadband business in Singapore for an initial consideration of S$70.8 million, subject to several adjustments.

    Prime HDB flats: Accept the lottery effect

    The Singapore government does not want housing in prime locations to be restricted only to the affluent. It seeks to avoid having racially and socioeconomically segregated neighbourhoods, which would weaken social cohesion and community bonds.

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