Daily Debrief: What Happened Today (Oct 24)

Stories you might have missed

Hao Mart sues PropNex unit, agent for S$3.5 million over Taste Orchard lease

[SINGAPORE] Supermarket chain Hao Mart has filed a lawsuit against a wholly owned unit of PropNex and one of its agents, alleging misrepresentation in the leasing of the Taste Orchard premises, formerly known as OG Orchard Point.

Singapore manufacturing output swings back into growth at 16.1%, beating estimates

Factory output surged 16.1 per cent on year in September, in an about-turn from August’s revised 9 per cent drop, data from the Economic Development Board showed on Friday (Oct 24).

MAS proposes more measures for investors to seek civil compensation from market misconduct

The proposals are to facilitate self-organisation, provide access to funding and reduce legal barriers to civil action, it said in a consultation paper issued on Friday.

Indonesia’s Chandra Asri to buy ExxonMobil’s Singapore Esso petrol kiosk chain

The deal is said to be valued around US$1 billion.

Criminal trial judge erred in convicting ex-oil tycoon OK Lim of cheating: Defence lawyer

The criminal trial judge erred in convicting Hin Leong founder Lim Oon Kuin of cheating charges, argued Lim’s lawyer Davinder Singh during a High Court hearing on Oct 24.

Singapore shares rise ahead of US-China meeting; STI up 0.1%

US President Donald Trump’s upcoming meeting with Chinese President Xi Jinping sparked hope that a cooling of trade tensions between the economic superpowers would ensue, leading to a rally in Asian markets including Singapore on Friday.