Daily Debrief: What Happened Today (Nov 3)

Stories you might have missed

Future of 38 Oxley Road: What happens next

[SINGAPORE] The National Heritage Board (NHB) on Monday (Nov 3) gave the owner of 38 Oxley Road a written notice of the government’s intention to preserve the site, to which he has 14 days to respond.

Indonesia’s banks breathe easier after rate cuts, but cracks in retail credit remain

[JAKARTA] After five interest rate cuts and a government liquidity boost, Indonesia’s biggest banks are breathing easier, though not enough to mask deeper cracks in consumer lending and asset quality.

Stronger Sing dollar makes ‘long Singapore property, short overseas property’ strategy compelling

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[SINGAPORE] Is the new king dollar no longer the US dollar but the little red dot’s Singapore dollar? 

Kuok Group’s Allgreen Properties revamps Johor Bahru City Square for RTS link

[KUALA LUMPUR] Singapore-based Allgreen Properties, a member of Kuok Group, has unveiled a multi-phase asset enhancement initiative (AEI) for Johor Bahru City Square (JBCS).

Aravest, Wee Hur complete S$160 million purchase of former Hotel Miramar Singapore

[SINGAPORE] Wee Hur has taken a stake in a new fund managed by Singapore-based asset management firm Aravest that has bought the former Hotel Miramar Singapore in Havelock Road for S$160 million.

SGX share buyback consideration hits 10-year high of S$1.91 billion

[SINGAPORE] Share buybacks on the Singapore Exchange (SGX) have surged to a 10-year high, the local bourse reported on Monday (Nov 3).