Daily Debrief: What Happened Today (Dec 20)

    • The bid-rigging typically involved one party – which would be designated as the winner – providing details such as bid pricing to the other party, which would then submit a more expensive bid to give the designated winner a better chance of winning the tender. 
    • The bid-rigging typically involved one party – which would be designated as the winner – providing details such as bid pricing to the other party, which would then submit a more expensive bid to give the designated winner a better chance of winning the tender.  PHOTO: PIXABAY
    Published Fri, Dec 20, 2024 · 06:30 PM

    Stories you might have missed

    Competition watchdog fines two interior-construction firms nearly S$10 million for rigging tender bids

    TWO contractors who provide interior fit-out construction services for non-residential properties were penalised by the Competition and Consumer Commission of Singapore (CCCS) for rigging the bids for several tenders, said CCCS in a press statement on Friday (Dec 20).   


    Malaysia’s inflation eases to 1.8% in November, below expectation

    MALAYSIA’S inflation rate moderated to 1.8 per cent year on year (yoy) in November, as prices of apparels and communication services grew at a slower pace, a Department of Statistics Malaysia (DOSM) report indicated on Friday (Dec 20).


    ‘Twas the week before Christmas

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    And all through Santa’s workshop. Every creature was stirring.


    MaNaDr Clinic loses licence, found to have ‘entrenched culture of disregard’ for ethical and clinical standards: MOH

    THE Ministry of Health (MOH) has revoked MaNaDr Clinic’s licence to provide outpatient medical services, citing an “entrenched culture of disregard” for ethical and clinical standards.


    SCCCI calls for Budget 2025 to help SMEs ease business costs, improve workforce productivity, build green capabilities

    THE Singapore Chinese Chamber of Commerce and Industry (SCCCI) has called for the government to provide targeted measures to help small and medium-sized enterprises (SMEs) ease business costs, improve workforce productivity and build green capabilities more quickly, in its Budget 2025 wish list.


    Elite UK Reit divesting property in England for £1.6 million

    THE manager of Elite UK Reit announced in a bourse filing on Friday (Dec 20) that Perpetual (Asia) Ltd, the trustee of the real estate investment trust (Reit), has entered into a sale contract to divest a property in the Reit’s portfolio. 


    Singapore shares close lower as STI continues to falter, down 1.1 per cent

    THE Straits Times Index (STI) continued to falter on Friday (Dec 20), mirroring regional indices.

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