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SINGAPORE'S economy could perform better than initially expected this year, now that it has made marginal gains and defied expectations of a contraction in the first quarter, said economists.
MR Tan will own a 2.2 per cent stake in the company post-merger, comprising 162.9 million Class B ordinary shares and each Class B share is entitled to 45 votes.
SINGAPORE'S central bank has left the door open to policy normalisation at its next half-yearly review in October, as economic growth picks up.
MAS said Bank J. Safra Sarasin committed "serious breaches" of these requirements, due to "material lapses" in its control processes during customer on-boarding and the bank's ongoing monitoring of business relations with customers.
BUKIT Sembawang Estates has put The Atelier's public launch on hold, and is now conducting only private viewings for the 120-unit project, The Business Times understands.
PROCURRI has received a letter dated April 13 from substantial shareholder DeClout indicating that the latter intends to vote against Novo Tellus' partial offer of 36.5 Singapore cents per share.
The STI today
THE benchmark Straits Times Index (STI) fell 8.51 points or 0.3 per cent to 3,179.39 on Wednesday.