Daily Debrief: What Happened Today (Aug 23)
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OK Lim’s Tanglin Hill bungalow sells for S$39.2 million
THE Tanglin Hill bungalow of convicted Hin Leong founder Lim Oon Kuin, also known as OK Lim, has been sold for S$39.2 million, or S$2,507 per square foot on the freehold land area of 15,636 square feet.
Protests over controversial Bill batter Indonesia’s markets, trigger investor unease
With less than two months before Indonesia’s leadership change at the federal level, the country’s stability is under scrutiny in light of the mass protests over a controversial election Bill.
Singapore fintech MoneyHero makes unsolicited US$8 million bid to acquire MoneySmart
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NASDAQ-LISTED MoneyHero Group has made a non-binding offer of US$8 million to acquire its competitor, MoneySmart. The move comes after MoneyHero laid off 80 employees in July in a bid to cut costs and improve its financial profitability.
Sabana Reit trustee: Requisitionists’ proposed internal manager directors must obtain MAS approval
THE trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) said the requisitionists’ proposed candidates for directorship in the internal manager must first meet regulatory requirements.
Easing inflation bolsters stocks; STI up 0.4%
SINGAPORE shares returned to the black after data released on Friday (Aug 23) showed moderating inflation in July.
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