Daily Debrief: What Happened Today (Feb 19)

Stories you might have missed

UOB looks to ‘resilient’ Asean to continue to drive growth as Q4 profit beats estimates

UOB remains confident that Asean economies will be resilient and continue to expand, even as the outlook remains uncertain amid ongoing geopolitical tensions and tariff concerns.

Budget 2025: Income tax concessions, GST remission for S-Reits extended for 5 years

INCOME tax concessions as well as goods and services tax (GST) remission for Singapore-listed real estate investment trusts (S-Reits) will be extended for five more years, as part of tax changes announced in Budget 2025 on Tuesday (Feb 18).

COE bidding: mainstream car premium spikes 9.2% to S$92,850

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THE Certificate of Entitlement (COE) premium for the mainstream car category posted a 9.2 per cent or S$7,850 rise to S$92,850 in February’s second round of bidding.

Singtel’s Q3 profit surges 183.4% to S$1.3 billion on exceptional gains

SINGTEL’S net profit for the third quarter ended Dec 31 climbed 183.4 per cent to S$1.3 billion from S$465 million in the same period the year before.

New 3-year lock-in for business-owned private-hire cars, which could change COE bid behaviour

PRIVATE hire cars (PHCs) that are newly acquired by businesses in Singapore now have a mandatory three-year lock-in period, in a move that could constrain how such companies bid for Certificates of Entitlement (COEs).

Hong Leong-led group to launch Lentor Central Residences; prices start at S$975,000

HONG Leong Holdings, GuocoLand and CSC Land Group will start previews for their Lentor project, Lentor Central Residences, on Friday (Feb 21), with prices starting at S$975,000, or S$2,105 per square foot (psf).