Daily Debrief: What Happened Today (Apr 22)

Stories you might have missed

Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped

SEA Ltd boss Forrest Li is expanding his family’s presence in the Good Class Bungalow market in Gallop Road near the Singapore Botanic Gardens.

URA releases reserve list site in Zion Road after developer commits to bid at least S$604.6 million

THE Urban Redevelopment Authority has released a Zion Road site for sale from its reserve list, after receiving an application committing to a bid not lower than about S$604.6 million.  

Intraco scraps acquisition of 51% stake in digital asset platform

INTRACO is terminating its proposed acquisition of a 51 per cent stake in digital asset platform MHC Digital, slightly over two years after the mainboard-listed trading company inked an agreement to do so with Australian entrepreneurs Mark Carnegie and Sergei Sergienko, or MHC’s sellers.

MAS issues 12-year prohibition order against former Manulife representative for cheating

THE Monetary Authority of Singapore on Monday (Apr 22) said it issued a 12-year prohibition order against a former Manulife representative for cheating offences.

‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge

A GROUP of Asian feeder operators is imposing an emergency cost recovery surcharge to mitigate the “significant increase” in operational costs arising from “heavy congestion” at major transhipment ports in South-east Asia.