Daily Debrief: What Happened Today

Stories you might have missed

‘Not meaningful’ to provide costs breakdown of new HDB flats: Indranee

THE government does not price new Housing and Development Board (HDB) flats to recover the cost of land and construction, but it will not be “helpful or meaningful” to provide a breakdown of their total development cost, said Second Minister for Finance and National Development Indranee Rajah in response to a parliamentary question on Monday (Nov 7).

Significant opportunities in China for Singapore companies despite gloomy outlook: Gan

DESPITE “greater uncertainty” and a gloomy outlook in today’s world, there remains “significant opportunities” in China that Singapore companies can tap, especially within the digital and green economy spaces, said Minister for Trade and Industry Gan Kim Yong on Monday (Nov 7).

With trillions in dry powder, private equity preparing for next wave of M&As in S-E Asia

PRIVATE capital, armed with a record level of unallocated funds, is poised to drive mergers and acquisitions (M&As) in South-east Asia. But heightened volatility also means that risk profiles are being reassessed – with implications for valuations, due diligence and deal structuring, bankers and lawyers say.

Almost half of HDB flat owners who own private property rent out their entire flat: MND

ABOUT 3 per cent of Housing and Development Board (HDB) flat owners own at least one private residential property as at October 2022, falling about 0.3 percentage point in the last three years, said Minister for National Development Desmond Lee in Parliament on Monday (Nov 7).

ST Engineering to divest US marine business for US$15m

DEFENCE and engineering group ST Engineering (STE) is proposing to divest all of its US marine subsidiaries, namely VT Halter Marine and ST Engineering Halter Marine and Offshore (STEHMO), to Bollinger Shipyards Lockport for US$15 million.

The STI today

Singapore stocks end higher even as China’s Covid-19 curbs continue; STI up 0.4%

SINGAPORE shares closed higher on Monday (Nov 7), even as China’s decision over the weekend to stick to its zero-Covid policy dampened investor sentiment.