Daily Briefing: SGX to cancel erroneous Silkroutes trades; New private home sales up 39%

And here are changes SMEs need to prepare for.

Singapore Exchange Ltd. said it would cancel 91 trades in New Silkroutes Group Ltd. after a reverse stock split led to investor errors that briefly wiped out almost all of the company’s value. The company, which has interests from oil and gas trading to developing communications technology, opened at 1.5 Singapore cents today after a 500:1 consolidation. Read more here.

Property developers in Singapore sold 759 private housing units last month, up 39 percent from the 548 units sold in October 2015, revealed latest data from the Urban Redevelopment Authority (URA). Find out more here.

To stay relevant to the changing business environment and needs of businesses in Singapore, the government is constantly updating business laws and regulations. To help you better navigate these new laws and comply with all of them, here are some changes you need to take note of in 2016. Read more here.

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