Daily Debrief: What Happened Today

Stories you might have missed

Chuan Park owners to get S$1.16m to S$2.53m each; some unhappy over lack of timely updates

OWNERS of the 444 homes at Chuan Park condominium, which was sold en bloc on July 5, will receive gross proceeds of about S$1.16 million for a 710 square foot (sq ft) unit and up to S$2.53 million for a 2,045 sq ft unit.

Singapore factory output growth cools to 2.2% in June amid electronics slowdown, chemicals decline

SINGAPORE’S factory production growth slowed to 2.2 per cent in June, down from 10.4 per cent in May, as the sector was dragged down by softer electronics output and declines in pharmaceuticals and chemicals.

Fresh funds of S$20m injected to expand EDB’s corporate venture programme

THE Economic Development Board (EDB) has committed fresh funds of S$20 million over the next 2 years to expand its corporate venture programme, where it partners large companies to identify and spin-off new businesses in high-growth areas.

Carousell, Heliconia commit US$25m for majority stake in Indonesian used electronics platform Laku6

SINGAPORE classifieds platform Carousell and Temasek unit Heliconia are jointly committing US$25 million to gain a majority stake in Laku6, an Indonesian online platform for second-hand electronics.

A*Star, NUS joint venture opens facility to boost marine and offshore engineering sector

SINGAPORE’S first ocean basin facility, capable of simulating challenging real-world ocean operating environments, was opened on Tuesday (Jul 26) to strengthen the country’s marine and offshore engineering sector.

Corporate Earnings

• CapitaLand China Trust posts 3.1% drop in H1 DPU to S$0.041
• HPH Trust’s H1 earnings fall on lower cargo volume passing through Hong Kong

The STI today

Singapore stocks rise amid mixed trading in Asia; STI up 0.4%

THE Straits Times Index (STI) gained 11.65 points or 0.4 per cent to close at 3,192.12 points on Tuesday (Jul 26).