Daily Debrief: What Happened Today (Apr 7)

Published Mon, Apr 7, 2025 · 06:30 PM
    • Monday's slide in share prices comes amid a broader sell-off in local banking stocks.
    • Monday's slide in share prices comes amid a broader sell-off in local banking stocks. PHOTO: TAY CHU YI, BT

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    Singapore banks lose over S$37 billion in market value as tariff sell-off continues

    [SINGAPORE] Shares of Singapore’s three local banks continued to slide on Monday (Apr 7), leading a broader market sell-off triggered by concerns over US tariffs.


    Upper Serangoon Shopping Centre seeking S$260 million in en bloc market

    [SINGAPORE] The freehold Upper Serangoon Shopping Centre, a six-storey strata-titled building completed in 1982, is being marketed in a collective sale at a guide price of S$260 million.


    Sheng Siong CEO Lim Hock Chee’s compensation for FY2024 jumps 20.6% to S$7.06 million

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    [SINGAPORE] Supermarket operator Sheng Siong’s chief executive officer Lim Hock Chee received S$7.06 million in total compensation for FY2024, an increase of 20.6 per cent from S$5.86 million in the prior year.


    Let large families buy new HDB 3Gen flats and enjoy priority for 4- and 5-bedder exec condos

    [SINGAPORE] My parents have three children. However, when I was growing up in the 1970s, the mantra in Singapore was for families to stop at having two children.


    Singapore shares close lower on Monday; STI tumbles 7.5%

    [SINGAPORE] All 30 constituents of the Straits Times Index (STI) closed down, as regional indices settled lower on Monday (Apr 7).

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