Daily Debrief: What Happened Today

Stories you might have missed

Why transition financing of coal plants is important, and how to stop its abuse: Ravi Menon

FOR investments into the early retirement of coal plants to be credible, accurate measurements of carbon data, carbon abatement reporting and a clear exit plan are needed, said Ravi Menon on Tuesday (Nov 9).

Golden Energy proposes break-up and delisting in deal that values company at S$2.8b

COAL miner Golden Energy and Resources (Gear) wants to exit its thermal coal business and delist from the Singapore Exchange, and is offering its shareholders cash or a combination of cash and shares to do so.

Asian Healthcare Specialists offer gets sufficient acceptances to turn unconditional

LABRADOR Park’s offer to take Asian Healthcare Specialists private at S$0.188 per share has obtained valid acceptances from shareholders holding 90.15 per cent of the company’s shares, or some 521.4 million securities.

Residential property rents climb in October; condo volumes down: SRX, 99.co

CONDOMINIUM and Housing and Development Board (HDB) rental prices continued to spike in October despite a significant decrease in condo rental volumes, according to flash estimates from SRX and 99.co released Wednesday (Nov 9).

Atome gets MAS’ in-principle nod for major payment institution licence

THE Monetary Authority of Singapore (MAS) has granted Atome – also known as Apaylater Financials – in-principle approval to operate as a major payment institution (MPI).

Corporate Earnings

• United Hampshire US Reit Q3 distributable income up 8.1% to US$8.3m
• Daiwa House Logistics Trust’s YTD distributable income in line with forecasts

The STI today

Singapore stocks extend gains, tracking Wall St strength; STI up 0.6%

THE Straits Times Index (STI) added 0.6 per cent or 19.67 points to close at 3,165.50 on Wednesday (Nov 9), tracking a rally on Wall Street as major US indices gained for the third consecutive day.