Daily Debrief: What Happened Today

Stories you might have missed

Development charge rates jump 10.9% for non-landed residential use

SINGAPORE has significantly increased the development charge (DC) rates for landed and non-landed residential use groups while the private housing market remains buoyant.

CDL, MCL Land secure green loans totalling S$847m for two residential developments

THE loans will finance the development of two newly-acquired government land sale sites at Northumberland Road and Tengah Garden Walk.

Temasek's Aicadium acquires local startup BasisAI

WITH the merger, BasisAI will take on Aicadium's name as a part of the entity.

Doctor Anywhere bags US$65.7 million in Series C round led by Asia Partners

THE funding round brings the total funds raised by Doctor Anywhere to more than S$140 million.

Porsche deal could add RM2.8m per annum in net profit for Sime Darby: Maybank KE

ANALYST Liaw Thong Jung said the "conservative" additional net profit estimate was arrived at after back-of-envelope calculations based on the Malaysian conglomerate's 1,000 units and RM5,000 contract assembly margins estimates.

Nets picks UOB head of group technology and operations as new chairman

DIGITAL payments service provider Network for Electronic Transfers (Nets) has appointed Susan Hwee, UOB's head of group technology and operations, as its new chairman, with effect from Sept 1.

The STI today

Singapore stocks close lower on Tuesday; STI down 1.5%

THE Straits Times Index (STI) ended down 47.06 points or 1.5 per cent to 3,055.05 points on Tuesday, amid jitters over weaker-than-expected economic data from China.