Daily report: what happened today, government and economy



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Friday, October 23, 2020 – 6:30 pm

Stories that you may have missed

The URA private home price index rose 0.8% in the third quarter; rents fall, vacancies rise

Rental home PRICES increased 3.7 percent quarter-on-quarter in the third quarter, after remaining flat in the prior quarter, while rental home prices rose 0.1 percent, after rising 0.4 percent in the previous quarter.


Nanofilm’s IPO shares are priced at S $ 2.59, promising market capitalization of S $ 1.7 billion

NANOFILM Technologies, the spin-off company of Nanyang Technological University (NTU) presented its final prospectus on Friday, offering 77.2 million shares at S $ 2.59 each for placement in its initial public offering (IPO).


Singapore Lowers Range of Inflation Outlook; core inflation at -0.1% in September

SINGAPORE authorities have improved the lower band of their headline inflation forecast for 2020 and expect core inflation to turn “slightly positive” in 2021 after having been in negative territory for eight consecutive months.


Singapore fines Goldman Sachs $ 122 million for 1MDB scandal

The Department of Commercial Affairs (CAD) also provided Goldman Sachs Singapore with a 36-month conditional warning, in lieu of prosecution, for three counts of corruption offenses punishable under Section 5 (b) (i) of the Trade Act. Corruption Prevention, Chapter 241.


ST Engineering and Montran sign a memorandum of understanding to digitize payment and settlement systems

The partnership also combines ST Engineering’s capabilities in the design, construction and operation of Critical Information Infrastructures with Montran’s expertise in global payments and securities clearing and settlement infrastructure solutions.


Corporate earnings


ITS today

Singapore Stocks End Week Black Following Wall Street Gains; STI rises 0.4%

The benchmark Straits Times index closed Friday up 0.4% or 8.98 points at 2,537.39.



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