Daily Debrief: What Happened Today

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High-profile trial of Singapore’s former oil tycoon OK Lim begins

THE high-profile trial of Singapore’s fallen oil legend Lim Oon Kuin – on charges related to cheating and forgery that the city-state’s prosecutors slapped against him following the collapse of the Hin Leong empire – began on Tuesday (Apr 11) at the State Courts.

Social compact on housing involves consensus on land use: Desmond Lee

SINGAPORE’S new social compact on housing involves arriving at a consensus on how the country’s finite land and limited resources are to be allocated to meet the growing aspirations of current and future generations, National Development Minister Desmond Lee said on Tuesday (Apr 11).

GK Goh loses free float; offeror to exercise right of compulsory acquisition

A SPECIAL purpose vehicle (SPV) owned by GK Goh’s founder and chairman and its managing director will be making a compulsory acquisition of all the issued and paid-up shares in the company. 

Tanjong Katong walk-up apartments attempt collective sale again with lower price of S$63 million

LOCATED in District 15, 56 to 62H Tanjong Katong Road was first put up for sale with an indicative price of S$65.5 million in July 2022. 

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Daily Debrief: What Happened Today

GIC to continue investing in fintech Pagaya for three more years

BOTH parties extended their existing funding agreement, whereby GIC will invest in Pagaya’s financing vehicle for the extended period on the same terms as the existing agreement.

The STI today

Singapore stocks see muted trading as caution reigns ahead of key data; STI up 0.1%

THE Straits Times Index (STI) rose 3.4 points or 0.1 per cent to close at 3,297.83 points on Tuesday (Apr 11), as most key Asian markets registered gains.