Daily Debrief: What Happened Today
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A HUGE 6.5 hectare (ha) white site in Jurong Lake District has been released for sale to kick-start development of the largest commercial district outside Singapore’s city centre.
THE proposed amendment affects only companies that have entities without economic substance in Singapore, but hold foreign assets.
Real estate, insurance companies must submit agents’ income data to Iras, under MOF proposal
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THE change will begin from the 2024 year of assessment, and first apply to commission-paying organisations such as those in the real estate and insurance sectors, an MOF spokesperson told The Business Times (BT).
OCBC privatisation of Great Eastern unlikely but plausible: analysts
OCBC is unlikely to take its listed insurance arm Great Eastern private, although the bank might have bigger plans for the insurer, noted analysts.
Cut-off yield on latest 6-month Singapore Treasury bill rises to 3.89%
APPLICATIONS for the risk-free, government-backed fixed income product totalled S$9.9 billion for the S$5 billion on offer, resulting in a bid-to-cover ratio of 1.98.
The STI today
Singapore stocks track Wall Street decline; STI inches down 0.04%
THE benchmark Straits Times Index (STI) slid 0.04 per cent or 1.23 points to close at 3,222.43. Across the broader market, losers outnumbered gainers 191 to 169, after 700.8 million securities worth S$945 million changed hands.
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