Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s latest six-month T-bill offers 3.93% yield

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.93 per cent on Thursday (Feb 16).

More than 95% of Sembmarine shareholders approve Keppel O&M merger

IT HAS been nearly a year since the proposal to merge offshore and marine (O&M) giants Keppel O&M and Sembcorp Marine, but the motion took a big step forward on Thursday (Feb 16), as shareholders voted overwhelmingly in favour of amalgamating the two into one.

ESR-Logos Reit launches S$300 million equity fundraising for potential acquisitions, AEIs

ESR-Logos Real Estate Investment Trust’s (Reit) manager has proposed a S$300 million equity fundraising exercise to fund future acquisitions, redevelopments and asset enhancement initiatives (AEIs).

Singapore fintech funding still hot amid funding winter: KPMG

SINGAPORE fintech funding hit a three-year high in 2022, even as lower valuations, turbulence in cryptocurrencies and uncertain economic conditions dented global fintech investments.

Tempering the frenzy of staying close to a popular primary school

LOCATION matters. Homes in prime districts cost more than those in non-prime districts. Many home buyers here value proximity to an MRT station. Homes that are near MRT stations fetch higher prices. And homes that are linked to a station, such that one can walk easily to the station and not get wet when it rains, draw a higher premium.

Corporate Earnings

• Singtel Q3 profit falls 27.6% on exceptional items

The STI today

STI snaps 3-day red streak, jumps 0.9% on upbeat US retail data

SINGAPORE shares rose alongside regional bourses, as relief following a string of upbeat data from the US – the latest being strong retail sales – assuaged investors that the world’s largest economy was holding up well amid headwinds and a tightening trajectory.