Daily Debrief: What Happened Today
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Higher property taxes for Singapore homeowners as government raises residential annual values
RESIDENTIAL property owners in Singapore are poised to pay higher property taxes next year, with the annual values of both private and public housing rising in tandem with surging market rentals.
Carousell cuts 110 jobs as part of push to profitability
ONLINE ad and classified platform Carousell has laid off 110 employees, representing 10 per cent of the platform’s workforce.
Aspial Lifestyle to buy 65% stake in Malaysian pawnbroker for RM30.7m
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PAWNSHOP owner and jewellery retailer Aspial Lifestyle is expanding its operations in Malaysia with the acquisition of 65 per cent of pawnbroking business Maxion Holdings for RM30.7 million.
Blackstone’s US$69b real estate giant hits redemption limit
BLACKSTONE’S US$69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and a chilling indicator for the property industry.
SIA, Thai Airways to codeshare extensively, starting with Bangkok
SINGAPORE Airlines (SIA) and Thai Airways will start codesharing on their respective flight services, starting with Bangkok in the initial stages, the airlines said on Friday (Dec 2).
All you need to know about T-bills
SINGAPORE Treasury bills (T-bills) have received explosive investor interest lately, with individual investors making more than 92,000 bids – some for over S$1 million – in the Nov 10 auction.
The STI today
Singapore stocks slide, tracking Wall Street declines; STI down 1%
ASIAN equities, including Singapore’s, were down on Friday (Dec 2), tracking a mixed Wall Street where two of the three key indices had closed lower.
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