Daily Debrief: What Happened Today
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Too early to tell what G-7's historic tax deal would mean for Singapore: Lawrence Wong
IN a Facebook post, Mr Wong said: "The new rules should not inadvertently weaken the incentives for businesses to invest and innovate."
Phoon Huat to open more stores this year; on the lookout for deals
OVERALL, Phoon Huat is on track to hit US$100 million in revenue for its current financial year ending June.
Fewer viewings drive 11.4% fall in condo resale volumes in May after four-month climb
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ABOUT 1,722 units changed hands in the month, compared with 1,944 units resold in April 2021, according to flash figures from real estate portal SRX Property.
OTS Holdings prices IPO shares at S$0.23 each
OF the 40 million placement shares, 2.2 million will be reserved for subscription or purchase by the group's management, employees, business associates and others who have contributed to the success of the firm.
Singapore-based suppliers that fail to cut emissions may lose US$146.6b in annual revenue: survey
91 per cent of MNCs with a supply chain in Singapore have set emission reduction targets for their suppliers, asking for an average reduction of 30 per cent by 2025.
Bukit Sembawang may offer Reit-like dividends as 'land bank king'
BUKIT Sembawang Estates has enough inventory to sell for the next decade, with the land the developer controls still pegged at "extremely low" historical cost valuation, said a fresh DBS Research report.
Innopac signs MOU to acquire cable manufacturer in struggle for survival
THE proposed acquisition is an attempt by its board to add a cash flow-generating business "that will ensure its viability and ability to operate as a going-concern", the watch-listed company said in a Tuesday bourse filing.
Corporate earnings
The STI today
STI dips 0.27% with Asian markets mixed on pandemic concerns and US weak trading
MARKETS in Asia had a mixed outing the second day in a row this week, and Singapore's Straits Times Index (STI) retreated 8.67 points or 0.27 per cent to 3,167.14 points on Tuesday.
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