Daily Debrief: What Happened Today
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CapitaLand to divest partial stakes in China projects to Ping An for 46.7b yuan
THE transaction of 46.7 billion yuan (S$9.67 billion) will leave CapitaLand to retain an effective stake of 12.6 per cent to 30 per cent in each development, which include Raffles City Shanghai, Raffles City Beijing, Raffles City Ningbo, Raffles City Chengdu, Raffles City Changning (Shanghai) and Raffles City Hangzhou.
Finian Tan, top lawyers Thio Shen Yi, Sunil Sudheesan, among alleged victims in S$1b nickel scam
NG Yu Zhi, 34, director of Envy Asset Management and Envy Global Trading, is said to have swindled investors into putting at least S$1 billion into nickel deals that never took place.
Singapore calls for retail CBDC solutions, partners IMF and World Bank
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THE Monetary Authority of Singapore (MAS) is inviting fintech companies and financial institutions around the world to propose innovative retail central bank digital currencies (CBDCs) solutions.
Thin home supply in Downtown area may stir more interest for Marina View site, triggered at S$1.51b
THE 0.78-hectare (about 84,000 sq ft) site, with 99-year leasehold tenure, can be developed up to 1.09 million square feet (sq ft) of gross floor area (GFA).
THEY cited, as reasons for his "potential unsuitability", Mr Chan's substantial holdings in Aims Apac Reit, which they named as "a key competitor of Sabana Reit, with both being two of only four Singapore Exchange-listed Reits which primarily invest in industrial assets in Singapore".
Corporate earnings
The STI today
Singapore shares buck regional trend, STI up 0.17%
THE Singapore Straits Times Index (STI) rose 0.17 per cent or 5.28 points to 3,126.88.
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