Daily Debrief: What Happened Today
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Singapore civil servants to get mid-year bonus of 0.35 month, up from 0.3 month in 2021
THE Singapore civil service will pay a mid-year bonus of 0.35 month for all officers, the Public Service Division (PSD) said on Monday (Jun 20) – up from the 0.3-month payout in the year before.
En bloc candidate Chuan Park receives offer of S$860m, lower than reserve price
EN BLOC hopeful Chuan Park, which is currently in a private treaty period after the tender for its collective sale closed on Apr 26, has received an expression of interest (EOI) from a developer for S$860 million, below its reserve price of S$938 million.
Sembmarine doubles down on merger narrative after minority shareholder revolt
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SEMBCORP Marine (Sembmarine) has issued a response to further shareholder queries where it once again reiterated the rationale and benefits of its proposed merger with Keppel Offshore and Marine (Keppel O&M).
Lendlease to establish S$1b partnership with Dutch pension fund manager PGGM
AUSTRALIA-LISTED real estate group Lendlease announced on Monday (Jun 20) that it will be entering into a partnership agreement with PGGM, a pension fund manager based in the Netherlands, with an investment of S$1 billion.
Wealthy Chinese setting up family offices in Singapore see it as springboard to Asean
FIVE years ago, Chinese billionaire Liang Xinjun left Fosun Group, of which he was co-founder, due to health reasons. After a break, he set out to explore blockchain and artificial intelligence – and 3 years ago, he set up a family office in Singapore.
The STI today
STI down 0.05% on Monday despite modest Wall Street gains last week
SINGAPORE stocks fell on Monday (Jun 20) despite Wall Street’s modest gains last Friday.
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