Daily Debrief: What Happened Today (Jun 9)

Stories you might have missed

Will deglobalisation and business uncertainty hurt buying power in Good Class Bungalow properties?  

[SINGAPORE] Owning a detached home in a Good Class Bungalow (GCB) Area is arguably the ultimate status symbol for the super rich in land-scarce Singapore.

‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern

[SINGAPORE] OCBC on Friday (Jun 6) made a conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer.

CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen

[SINGAPORE] CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional investors for its value-add lodging private fund, CapitaLand Ascott Residence Asia Fund II (Clara II).

CDL’s high debt and interest costs continue to weigh on stock despite South Beach sale

[SINGAPORE] News of City Developments Ltd’s (CDL) sale of its 50.1 per cent majority stake in the South Beach mixed project put some bounce in the property developer’s share price last week, but analysts were less sanguine, due to the company’s high debt and interest costs.

Income Insurance chairman Ronald Ong to retire from role after seven years at helm

[SINGAPORE] Income Insurance chairman Ronald Ong, 69, will retire from his role after seven years at the helm, the company announced on Monday (Jun 9).

Singapore stocks close Monday higher ahead of US-China talks; STI up 0.1%

[SINGAPORE] Local stocks rose on Monday (Jun 9), in line with gains in Asian markets on hopes that a fresh round of US-China trade talks will ease tensions. Investors also digested the latest China inflation and trade data.