Daily Debrief: What Happened Today (Sep 11)
Stories you might have missed
The Far East Organization, a property conglomerate, has sold a freehold property in Watten Estate for S$84.2 million to boutique developer Aurum Land. Meanwhile, fitness chains True Fitness and True Yoga have ceased all operations, prompting their respective liquidators to initiate the winding-up process. This decision is attributed to intense market competition and escalating customer acquisition expenses.
OCBC and DBS have secured the top two positions in Forbes' inaugural "World's Top Performing Banks" list, followed by the ranking of other global banks based on performance metrics provided by Statista. Building guidelines in Singapore have now mandated the designation of specific parking spaces for motorcycles, bicycles, or e-bike delivery riders, ensuring they have designated areas for waiting.
In relation to the 1MDB scandal, court-appointed independent liquidators for 1Malaysia Development Berhad-linked companies have filed a statement of claim in the Singapore High Court. This document highlights that five accounts associated with a Jho Low associate were opened at DBS in 2013. Vietnamese developers are rapidly constructing residential properties along the country's coastline, including areas like Ha Long Bay and Can Gio, transforming them into larger urban models rather than isolated beach resorts.
Lastly, an article explores the concept of luck and its influence, with a focus on Malaysian jewellery magnate Tomei.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
