Daily Debrief: What Happened Today

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People’s Park Centre up for collective sale with S$1.8b reserve price

MIXED-USE development People’s Park Centre has been put up for collective sale via public tender with a S$1.8 billion reserve price, ERA Realty Network announced on Wednesday (Jul 6).

Rising US rates to boost Singapore bank earnings towards pre-Covid levels

WITH Singapore having one of the largest passthrough of higher US interest rates into local lending yields in the Asia-Pacific region, Fitch Ratings believes the recovering operating profit and risk-weighted asset (RWA) ratios of the country’s banks are geared for a recovery towards their pre-Covid levels.

COE premiums hit all-time high of S$110,524 in Open category

CERTIFICATES of entitlement (COE) premiums hit an all-time high of S$110,524 in the Open category at the latest tender exercise that closed on Wednesday (July 6).

Top Glove’s ‘negative’ emissions come under fire; issue underscores minefield in emissions reporting

RUBBER glove giant Top Glove - which made its debut on S&P Global’s sustainability yearbook this year - reported a negative figure for total scope 3 emissions in its last financial year, as the company included avoided emissions from recycling.

Finance sector pares training subsidies, focuses talent development in growth, priority areas

TRAINING subsidies for staff in the finance industry will soon be scaled down, as part of changes meant to support a focus on growth and priority areas in the sector.

The STI today

Reits show strength on Wednesday even as Singapore shares close flat

SINGAPORE shares closed unchanged on Wednesday (Jul 6), even as regional markets mostly fell, with strength recorded among real estate investment trusts (Reits).