Daily Debrief: What Happened Today (Oct 14)

Stories you might have missed

Government rejects Income-Allianz insurance deal in current form, but door remains open to any new arrangement

THE deal between Income Insurance and German insurer Allianz will be called off, as the Singapore government has assessed that it is “not in the public interest” for the proposed transaction to proceed in its current form.

Singapore economy beats forecasts to grow 4.1% year on year in Q3

SINGAPORE’S economy grew 4.1 per cent year on year (yoy) in the third quarter of 2024, an improvement from the previous quarter’s 2.9 per cent growth, advance estimates from the Ministry of Trade and Industry (MTI) showed on Monday (Oct 14) morning.

Tough restrictions aside, HDB Plus and Prime BTO flats are good buys

MANY Singaporeans have built wealth from buying new Housing and Development Board (HDB) flats at subsidised prices. Will this proven wealth creation method still work if one purchases a flat with tighter restrictions under the new HDB framework?

ST Engineering unit wins Lusail smart city project worth over S$60 million

THE urban solutions business of ST Engineering has clinched a contract worth more than S$60 million to design, build and operate a smart city platform with citywide network connectivity for Lusail City in Qatar.

GDP growth boosts market sentiment; STI up 0.6%

SINGAPORE stocks cheered robust gross domestic product growth data released on Monday (Oct 14).