Daily Debrief: What Happened Today
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Competition watchdog raises concerns over Grab’s proposed Trans-cab acquisition
THE Competition and Consumer Commission of Singapore (CCCS) has raised competition concerns over Grab’s proposed acquisition of Trans-cab, as it may increase barriers to expansion and entry for Grab’s competitors.
Total outstanding debt arranged locally drops by 2%: MAS
THE total outstanding debt arranged by financial institutions in Singapore dropped by 2 per cent to S$512 billion in 2022, down from S$523 billion the year before.
Developer sales fall 44.9% in September, fewer projects launched amid Ghost Month
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NEW private home sales continued to decline in September, weighed down by an absence of new project launches amid the inauspicious Hungry Ghost Festival.
M&G Investments debuts 10 funds on Singapore’s retail market
TEN Luxembourg-domiciled M&G Investments funds have been made available on the local retail market, following their recognition by the Monetary Authority of Singapore (MAS) for retail distribution.
MAS issues 5-year prohibition orders against 2 insurance agents for cheating
THE Monetary Authority of Singapore (MAS) has on Monday (Oct 16) issued five-year prohibition orders against two former insurance agents, following their convictions for cheating offences.
Singapore shares fall 0.69% on Monday, tracking regional losses
SINGAPORE shares fell on Monday (Oct 16), tracking losses in most major markets in the region after a sell-off on Wall Street last Friday.
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