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The latest COE tender exercise closed with record high premiums in multiple categories. Category A hit an all-time high of $93,503, up 6.25 per cent from $88,000 and surpassing the record of $92,100 set in January 2013. Premiums for Category B were also up slightly to another record high, ending at about $116,000.

Open category premiums ended slightly over $116,000 - an increase of about $20.

In other stories, President Halimah Yacob says Singapore and Malaysia should multiply the opportunities for their young people to build relationships across the Causeway.