Daily Debrief: What Happened Today (Mar 16)

Stories you might have missed

Australian tea brand T2 Tea shuts all outlets in Singapore

[SINGAPORE] Premium Australian tea specialist T2 Tea will shut all three of its outlets in Singapore, The Business Times has learnt.

Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8% yoy

[SINGAPORE] Passenger traffic for Scoot rose by 17.4 per cent year on year in February, going by the latest operating results released by Singapore Airlines Group (SIA) on Monday (Mar 16).

Analysts back Malaysia’s Sunway bid for IJM, even as adviser says reject

[KUALA LUMPUR] Analysts are divided following an independent adviser’s report on Sunway’s takeover bid for IJM Corporation, with most brokerages backing the offer as a reasonable exit price and others arguing that it undervalues the property group’s long-term prospects.

New private home sales dwindle to 246 units in February during Chinese New Year lull

[SINGAPORE] Developers in Singapore sold 246 private homes in February, down 84.6 per cent from the 1,597 units moved a year earlier, with no new projects launched during the Chinese New Year festive season.

As Gulf conflict rattles investors, STI listcos spend S$180 million on share buybacks

[SINGAPORE] Singapore shares have been on a wild ride since war broke out in the Gulf two weeks ago.