Daily Debrief: What Happened Today (Nov 5)

Stories you might have missed

Aims Apac Reit charged about S$450,000 by JTC after tenant, Cocoa Trees owner, sublets Hougang space

[SINGAPORE] FNA Group, the owner and operator of chocolate retailer The Cocoa Trees, has paid about S$450,000 to its landlord Aims Apac Reit, after it was found to have sublet industrial units at its headquarters in Hougang without authorisation.

Sunway Healthcare bets on senior-living demand with KL ramp-up, Johor expansion

[KUALA LUMPUR] Sunway Healthcare Group is expanding its senior-living offerings, ramping up its flagship facility in Kuala Lumpur while also moving into Johor’s Iskandar Puteri, betting on rising demand for integrated aged-care and medical services.

Financial stability risks elevated despite resilient global economy, strong investment sentiments: MAS

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[SINGAPORE] Financial stability risks remain elevated even as the global economy has been more resilient than expected and despite strong investment sentiments, said the Monetary Authority of Singapore (MAS).

COE premiums crash as mainstream car category dips 10%, large cars down 13%

[SINGAPORE] Certificate of Entitlement (COE) premiums for all car categories fell significantly in November’s first round of bidding, with the mainstream car category continuing to ease from record highs seen in early October.

‘No misrepresentation of track record’ in Therme Group unit’s tender bid for S$1 billion wellness project: STB

[SINGAPORE] There was “no misrepresentation of track record” in Therme Group Singapore’s submission for the tender to build Singapore’s first dedicated wellness attraction, said the Singapore Tourism Board (STB) on Wednesday (Nov 5).

Two SFO funds linked to Chen Zhi’s group were granted tax incentives: Chee Hong Tat

[SINGAPORE] Thus far, two single-family office (SFO) funds that received tax incentives have been found to be linked to Cambodian national Chen Zhi’s group, said Minister for National Development and deputy chairman of the Monetary Authority of Singapore (MAS) Chee Hong Tat on Wednesday (Nov 5).