Daily Debrief: What happened today
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Singapore's headline inflation surprises on upside at 3.8% in Nov, highest since Feb 2013
SINGAPORE'S headline inflation rose to 3.8 per cent in November, exceeding economists' expectations of 3.4 per cent and beating October's previous high of 3.2 per cent, Department of Statistics (Singstat) consumer price index (CPI) figures showed on Thursday (Dec 23).
Family-run listcos, poor governance and minority oppression
Observers have noted that systems and governance structure at family-run companies, particularly in their boards of directors, have "generally fallen short of investor expectations". The issues are also usually magnified when it comes to second or third generations.
Mixed-use newbuild on former Thong Sia Building site on the market for S$600m
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A NEWLY completed 18-storey freehold luxury mixed-use development, 30 Bideford Road, along the Orchard shopping belt, has been put on the market with an indicative price of S$600 million, said marketing agents Colliers and Knight Frank in a press statement on Thursday (Dec 23).
Bt Batok EC site launched; bids unlikely to top record for Tampines plot
THE Housing & Development Board (HDB) on Thursday (Dec 23) launched an executive condominium (EC) site at Bukit Batok West Avenue 8 for sale by public tender.
FORMER executives, including the chief executive officer, and related individuals of wound-up Oriental Group have been charged with offences under the Securities and Futures Act and the Penal Code.
The STI today
Singapore stocks gain on Thursday amid thin trading; STI up 0.3% SINGAPORE stocks rose on Thursday (Dec 23), tracking gains in other regional exchanges, amid thin trading activity in the market ahead of the holidays.
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