Daily Debrief: What Happened Today
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Olam creates two new operating groups
THIS is to simplify its diverse portfolio, allow for potential carve-outs or initial public offerings (IPOs) of the operating groups, and accelerate profitable growth, Olam said on Monday in a regulatory update.
Singapore cannot assume it is immune to divisive forces: Heng Swee Keat
DEPUTY Prime Minister Heng Swee Keat said increasing pessimism about the future and the lack of progress have led people in other parts of the world to view their governments and institutions with distrust, ushering in an era of "anti-politics".
ARA H-Trust completes acquisition of three US hotels for US$84m
THE freehold properties are AC by Marriott Raleigh North Hills in North Carolina, as well as Courtyard San Antonio and Residence Inn San Antonio both in The Rim shopping district in Texas.
Elite Commercial Reit's Singapore IPO to raise up to £131.2m
THE offer price for UK-focused Elite Commercial Reit's proposed Singapore initial public offering (IPO) has been set at £0.68 per unit.
Broker's take: OCBC says 'worst likely over' for Mapletree NAC Trust
OCBC Investment Research on Monday increased its fair-value estimate for Mapletree North Asia Commercial Trust (MNACT) slightly to S$1.37 from S$1.36, while maintaining its "buy" call.
The STI today
Singapore shares end flat on Monday on lack of market drivers THE Straits Times Index closed at 3,280.09 on Monday, down 0.03 per cent or 0.94 points.
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