Daily Debrief: What Happened Today

Stories you might have missed

HDB resale prices flatten in February, ending 31-month rally: SRX, 99.co

RESALE prices of Housing and Development Board (HDB) flats stopped increasing for the first time since June 2020, holding steady in February 2023 compared to the month before, according to flash figures released by SRX and 99.co on Thursday (Mar 9).

Rental model seen as the go-to strategy to boost Vietnam’s EV take-up

VIETNAM’S richest man Pham Nhat Vuong has established a 3 trillion dong (S$171 million) electric vehicle (EV) rental and taxi company, with plans to use 10,000 electric cars and 100,000 electric motorbikes provided by VinFast, the automobile arm of Vuong’s Vingroup.

DBS chief Piyush Gupta’s annual salary rises 13.2% to S$15.4 million in 2022

DBS chief executive Piyush Gupta’s annual salary grew in line with the bank’s earnings over 2022, as Singapore’s largest lender logged record net profits for both the latest fourth quarter and full-year period.

CDL completes £395 million acquisition of St Katharine Docks development

CITY Developments Limited (CDL) on Thursday (Mar 9) said it completed its acquisition of the St Katharine Docks development in London for £395 million (S$636 million). This translates to £751 per square foot (sq ft) on the existing net lettable area.

Sias meets Golden Energy, asks for exit offer to be ‘raised considerably’

CITING the sentiments of Golden Energy and Resources’ (Gear) minority shareholders, Securities Investors Association (Singapore), or Sias, founder and chief executive David Gerald told Gear officials that the exit offer for the company “must be raised considerably” for progress to be made on the deal.

The STI today

Singapore stocks drop 0.4% in tandem with most Apac markets

SINGAPORE and most markets in the Asia-Pacific closed Thursday (Mar 9) in the red, with the city-state’s key gauge Straits Times Index (STI) at 0.4 per cent or 12.35 points lower at 3,214.51 points.