Daily Debrief: What Happened Today
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After sky-high prices, Singapore's power sector is due for some adjustments in 2022
SINGAPORE'S Energy Market Authority (EMA) is mulling tweaks to market rules, which could result in some semblance of price normalcy in the wholesale market in the event of a gas shortfall.
CDL unit to sell 5-star hotel Millennium Hilton Seoul, adjoining land for S$1.26b
THE proposed sale of the assets in South Korea marks the property group's fourth hotel divestment of the Millennium & Copthorne Hotels Limited (M&C) portfolio since its privatisation and the largest hotel divestment to date.
Binance pulls out of Singapore, shuts down trading in January
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EFFECTIVE immediately, registrations, crypto and currency deposits as well as trading on Binance.sg will be closed and users will be able to buy and sell crypto using their existing assets until Jan 12, and all accounts must be closed by Feb 13.
JPMorgan, Nuveen acquire 50% interests in One George Street for US$472m each
THE acquisition comes on the heels of Capitaland Integrated Commercial Trust's (CICT) announcement last month to divest its stake in One George Street for S$640.7 million.
Circles.Life offers to buy back US$5m in employee options
MORE South-east Asia startups are exploring ways to allow staff to partially cash out share options earlier in a bid to retain talent.
The STI today
Singapore stocks kick off week in the red, STI down 0.5%
THE benchmark Straits Times Index fell 0.5 per cent or 15.66 points to cap Monday at 3,119.95.
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