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Daily Debrief: What Happened Today

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Tuesday, April 19, 2016 - 18:30

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Apple Pay is gaining traction in Singapore, with American Express and StarHub among the first companies that announced tie-ups with Apple Pay on Tuesday.

No money from Brazil means no work by Keppel for client Sete

Keppel Corp, the world's largest builder of oil rigs, said it won't resume work for a key Brazilian client until the company restarts making payments on its orders.


American Express, StarHub among first in Singapore to roll out Apple Pay

Apple Pay is gaining traction in Singapore, with American Express and StarHub among the first companies that announced tie-ups with Apple Pay on Tuesday.

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DBS partners two peer-to-peer lending sites to serve small businesses

DBS Bank on Tuesday announced it has signed cross-referral agreements with two local peer-to-peer (p2p) lending platforms, Funding Societies and MoolahSense - in a first-of-its-kind collaboration between established financial institutions and emerging fintechs (financial technology startups).


Singdollar reverses all of the drop from MAS surprise easing

The Singapore dollar has already undone all of its drop from last week's surprise easing as central banks worldwide face the limits of monetary policy in weakening a currency.


Singapore loses to less developed neighbours in board diversity

Singapore, Southeast Asia's most advanced economy, is falling behind its less developed peers when it comes to women breaking the glass ceiling at companies.


Asia's rich urged to buy US dollars as Singapore fuels easing bets

Money managers for Asia's wealthy families are telling clients to buy US dollars as a rally this year in regional currencies begins to sputter.


Corporate Earnings


The STI Today

Singapore shares close higher for fifth time in six days

The Straits Times Index (STI) on Tuesday rose for the fifth time in six days, gaining 34.06 points to 2,951.81 in response to an overnight jump on Wall Street and a 40-point rise in the Dow futures. Turnover amounted to 1.3 billion units worth S$1.2 billion and excluding warrants, there were 264 rises versus 134 falls.

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