Daily Debrief: What Happened Today

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Singapore civil servants to get mid-year bonus of 0.35 month, up from 0.3 month in 2021

THE Singapore civil service will pay a mid-year bonus of 0.35 month for all officers, the Public Service Division (PSD) said on Monday (Jun 20) - up from the 0.3-month payout in the year before.


En bloc candidate Chuan Park receives offer of S$860m, lower than reserve price

EN BLOC hopeful Chuan Park, which is currently in a private treaty period after the tender for its collective sale closed on Apr 26, has received an expression of interest (EOI) from a developer for S$860 million, below its reserve price of S$938 million.


Sembmarine doubles down on merger narrative after minority shareholder revolt

SEMBCORP Marine (Sembmarine) has issued a response to further shareholder queries where it once again reiterated the rationale and benefits of its proposed merger with Keppel Offshore and Marine (Keppel O&M).


Lendlease to establish S$1b partnership with Dutch pension fund manager PGGM

AUSTRALIA-LISTED real estate group Lendlease announced on Monday (Jun 20) that it will be entering into a partnership agreement with PGGM, a pension fund manager based in the Netherlands, with an investment of S$1 billion.


Wealthy Chinese setting up family offices in Singapore see it as springboard to Asean

FIVE years ago, Chinese billionaire Liang Xinjun left Fosun Group, of which he was co-founder, due to health reasons. After a break, he set out to explore blockchain and artificial intelligence - and 3 years ago, he set up a family office in Singapore.


The STI today

STI down 0.05% on Monday despite modest Wall Street gains last week

SINGAPORE stocks fell on Monday (Jun 20) despite Wall Street's modest gains last Friday.

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