Daily Debrief: What Happened Today

Stories you might have missed

Steeper rise in condo and HDB rents in February on falling volumes

CONDOMINIUM rental prices were up 3.5 per cent in February, a steeper increase from the 1.4 per cent rise in January, as indicated by flash estimates from SRX and 99.co on Wednesday (Mar 29).

Demand rises for latest Singapore Savings Bond with 10-year average return at 3.15%

THE latest Singapore Savings Bond (SSBs) allotted on Wednesday (Mar 29) experienced a rise in number of applications, exceeding the amount on offer, after months of falling demand due to declining yields.

Global Palm Resources chief and family launch privatisation offer at S$0.25 per share

GLOBAL Palm Resources chief executive Suparno Adijanto, along with his six family members, on Wednesday (Mar 29) launched an offer to take the palm oil producer private at S$0.25 per share.

Sembmarine unit’s ‘alleged irregularities’ linked to Brazil’s Operation Car Wash

SEMBCORP Marine (Sembmarine) on Wednesday (Mar 29) clarified that preliminary administrative proceedings commenced by Brazil’s Comptroller General of the Union (CGU) against the group’s subsidiary, Estaleiro Jurong Aracruz (EJA), are related to past conduct linked to an ongoing probe into suspected money laundering and graft activities.

Alibaba 5x short DLCs suspended briefly on SGX as shares jump over 15%

TRADING for the Alibaba five times short daily leveraged certificates (DLCs) listed on the Singapore Exchange (SGX) has been momentarily suspended as the airbag mechanism was triggered.

Nickel investments may reward investors with solid returns amid EV boom

GOLD prices are rising rapidly as investors pile into this safe haven amid banking industry woes, but nickel may be the more interesting precious metal to watch – thanks to the booming electric vehicle (EV) industry.

The STI today

Singapore shares track higher on Wednesday, STI up 0.2%

BANKING anxiety notably eased in capital markets around the region on Wednesday (Mar 29), with indices ending the trading session higher.