Daily Debrief: What Happened Today
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DBSV gets in-principle approval to provide trading services for digital payment tokens
DBS Digital Exchange (DDEx) - a members-only exchange for institutional and accredited investors - will also operate round the clock from August 16, "to cater to increasing trading volume amidst growing client demand", DBS said.
Life insurance sales in Singapore up 61% to S$2.68b in H1
THE Life Insurance Association, Singapore (LIA) noted that during the same period last year, sales were depressed as physical meetings were prohibited due to the Covid-19 "circuit-breaker" measures.
Boustead Projects-led consortium to acquire mezzanine debt for Orchard Hills Residences
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BOUSTEAD Projects on Thursday announced that its wholly-owned subsidiary BP-Real Estate Investments, together with private investor-held Roark Capital and Lim Teck Lee Investments, have agreed to acquire S$110 million of notes due 2020 for a consideration of S$117 million.
Keppel DC Reit to raise around S$200m through issue of 81m new units
THE proceeds will go towards the acquisition of a data centre in Guangdong, China, as well as to fund future acquisitions and repay debt.
Temasek establishes new global AI solutions centre for businesses
TEMASEK'S head of AI strategy and solutions Michael Zeller said AI has a key role to play in keeping Temasek's portfolio and talent resilient, as well as seizing future opportunities and growth.
Corporate earnings
- CDL's hotel business begins showing green shoots of recovery from Q2
- Singtel posts S$445m Q1 net profit, reversing year-ago loss
- ST Engineering H1 profit grows 15% on partial recovery of business segments
- Manulife US Reit posts 11.5% drop in H1 DPU to 2.7 US cents on lower rental income
- UOL back in the black with S$91.3m profit for H1
- Ho Bee Land's H1 profit improves 16.5% to S$105.5m
- Genting Singapore posts S$88.2m H1 profit, expects travel recovery to be drawn out, uncertain
The STI today
STI posts modest 0.1% gains even as Delta variant fears persist
THE key Straits Times Index (STI) rose 2.80 points or 0.09 per cent to 3,182.80.
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