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Daily Briefing: GIC buys stake in Vietnam bank; Condo prices in central up the most
And here’s the cost of setting up a hawker stall in Singapore.
Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam's biggest bank, both companies said in a joint statement on Monday. GIC has signed a memorandum of agreement to buy 305.8 million new shares of Vietcombank, the fund's first direct investment in a Vietnamese lender. Read more here.
Prices of completed non-landed private homes across Singapore inched up by 0.2 percent in July compared to a 0.7 percent rise in the previous month, flash estimates of the NUS Singapore Residential Price Index (SRPI) showed. Excluding small units, prices in the central region increased by 0.7 percent on a monthly basis, after recording a 0.9 percent gain in June. On the other hand, prices in the non-central region dipped by 0.2 percent despite an uptick of 0.6 percent previously. Find out more here.
Nestled right smack at the famous Old Airport Road hawker centre, Young Singaporeans Randall and Kai are not whom you would expect to see as hawkers serving up delicious plates of roast meat and char siew to the hungry lunchtime crowd. Read more here.
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