Daily Debrief: What Happened Today

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Singtel to redevelop its Comcentre HQ for more than S$2b SINGAPORE Telecommunications (Singtel) will jointly redevelop its Comcentre headquarters for an estimated cost of more than S$2 billion, including land costs, it said in a press statement on Wednesday (Feb 23).

Big car COE premiums hurtle towards S$100,000 in wake of higher luxury car tax CERTIFICATE of entitlement (COE) premiums rose across the board in the latest bidding exercise on Wednesday (Feb 23), the first after higher new taxes for luxury cars kicked in.

Singapore's January core inflation hits 10-year high at 2.4%, headline inflation flat at 4%

SINGAPORE'S core inflation rose to its highest level in nearly 10 years in January to 2.4 per cent year on year, on the back of rising food and energy prices, according to the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) on Wednesday (Feb 23).

Tanglin Shopping Centre sold for S$868m to Tanoto family's Pacific Eagle Real Estate THE freehold Tanglin Shopping Centre has been sold for S$868 million or S$2,769 per square foot per plot ratio (psf ppr) assuming full commercial usage.

Genting's Asean-listed gaming stocks 'set for winning streak' and higher dividend yields: UOBKH UOB Kay Hian (UOBKH) believes the Genting Group's gaming stocks in South-east Asia are likely to re-rate with business normalisation in 2022, as countries move towards an endemic Covid-19 phase.

Peter Lim partners UK school Wellington College to set up Singapore campus SINGAPORE business magnate Peter Lim's company WCI Regional Management on Wednesday (Feb 23) announced in a press release that it has signed a master licence agreement to establish Wellington College International schools for 3 to 18-year-olds in Singapore, Indonesia and Malaysia.

Corporate Earnings

• OCBC Q4 profit falls 14% to S$973m; pays S$0.28 in dividends
• Sembcorp Industries posts strong H2 earnings on higher energy prices
• Cromwell E-Reit H2 DPU drops 2.8% to 0.08459 euro
• Aoxin Q&M H2 loss narrows to 1.2m yuan despite revenue decline
• Q&M Dental's Q4 earnings fall 47% on higher costs, expenses

The STI today

Singapore stocks fall on Wednesday, bucking regional trend as OCBC drags STI down

STOCKS closed lower on Wednesday (Feb 23) even as the Asia-Pacific markets recovered some of their losses after the US and its allies settled on a modest "first tranche" of penalties over Russia's incursion into disputed Ukrainian territory.