Daily Debrief: What Happened Today
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DBS to buy Citi's Taiwan consumer banking business with S$956m premium
DBS is acquiring the consumer banking business of Citigroup in Taiwan, Citi Consumer Taiwan, via a transfer of assets and liabilities.
High employment but lower salaries for degree holders in Covid-19 years: MOM
THOUGH degree holders continued to see high employment rates during the pandemic, their incomes took a hit, according to the Manpower Ministry's (MOM) annual Labour Force in Singapore report on Friday (Jan 28).
More own account workers in 2021, even as share of self-employed fell: MOM
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THE number of own account workers - self-employed persons who are not either employers or family workers - rose for the second straight year in 2021, according to the Manpower Ministry's (MOM) annual Labour Force in Singapore report on Friday (Jan 28).
Singapore non-landed private home prices jump 5.3% in Q4; overall rents up 2.6%
THE Urban Redevelopment Authority (URA) said on Friday (Jan 28) that its private home price index rose 5 per cent quarter on quarter in Q4 2021, and climbed 10.6 per cent for the whole of last year.
Tee International to raise up to S$14m from 2 investors; announces debt restructuring
MAINBOARD-LISTED Tee International has inked a non-binding term sheet to issue 2 investors a total of S$7 million worth of subscription shares, the engineering services company announced on Friday (Jan 28).
Corporate Earnings
- CDL Hospitality Trusts cuts H2 DPS by 11% to S$0.0306
- CICT posts H2 DPU of S$0.0522; acquisitions may intensify in FY2022, manager says
- Micro-Mechanics Q2 net profit rises 2.3% to S$4.6m on higher sales
- Ascott Residence Trust posts 14.1% rise in H2 DPS; sets new target to grow longer stay assets
The STI today
STI down 0.42%; Asian markets end mixed
THE Singapore market sank further on Friday (Jan 28), tracking Wall Street losses amid worries over inflation and monetary tightening. The Straits Times Index (STI) fell 0.42 per cent or 13.7 points to close at 3,246.33.
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