Daily Debrief: What Happened Today (Apr 11)

Stories you might have missed

Temasek opens Paris office, plans to invest S$20-25 billion in region over next five years

SINGAPORE state investor Temasek Holdings officially opened its new office in Paris on Wednesday (Apr 10), with plans to invest S$20 billion to S$25 billion in the Europe, Middle East and Africa (EMEA) region over the next five years.

S$910 million Far East Shopping Centre deal falls through after URA rejects redevelopment proposal

THE collective sale of Far East Shopping Centre is said to have fallen through, with Chinese businessman Du Shuanghua’s Bright Ruby Resources pulling out of the acquisition, put at around S$910 million.

Indonesia’s US$2.5 billion Singapore-inspired oasis to woo tourists, transform Jakarta’s north coast

INDONESIAN conglomerate Agung Sedayu Group’s multibillion-dollar project, inspired by Singapore’s Sentosa Island and set to revitalise Jakarta’s north coast in three years, will feature a 27-hole golf course, a Formula 1 racetrack and a sports complex.

South-east Asia to drive growth in developing Asia, offset China’s slowdown: ADB 

SUSTAINED growth in South-east Asia and South Asia will offset China’s economic slowdown and reduced growth in other subregions of developing Asia, said the Asian Development Bank (ADB) on Thursday (Apr 11).

Latest Singapore 6-month T-bill cut-off yield falls to 3.75%

THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) edged down to 3.75 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (Apr 11).

Singapore stocks fall amid tepid sentiment from firm US inflation rate; STI down 0.3%

SINGAPORE stocks fell on Thursday (Apr 11) as investor sentiment softened overnight after higher-than-expected US inflation rates led investors to push interest rate cut expectations further back.