Daily Debrief: What Happened Today (Sep 29)
Stories you might have missed
The Monetary Authority of Singapore (MAS) has allocated S$1.45 billion to five asset managers as part of the third round of the Equity Market Development Programme (EQDP). This brings the total allocations under the program to S$5.4 billion, out of an initial S$6.5 billion budget. SGX chairman Koh Boon Hwee has stated that the number of listed companies is an "outdated metric" for gauging the success of Singapore's market, suggesting that privatisations can contribute positively to the capital cycle.
The Urban Redevelopment Authority has released two residential sites for sale in East Coast Road and Serangoon North View. UOB has been ordered to pay Stamford Land S$1.9 million following a High Court ruling that the bank was "grossly negligent" in providing advice on share allocation during a rights issue in 2021. GXS Bank, a digital bank, aims to have secured loans constitute half of its lending book by next year as it expands into vehicle financing to diversify its portfolio, which is currently dominated by unsecured lending.
Mapletree Industrial Trust (MIT) is planning to sell a data centre property in the US for approximately US$9.8 million in cash after the current tenant, DataBank Properties, informed the company of its intention to exercise an option to purchase the building.
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.
