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Daily Debrief: What Happened Today

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Thursday, July 14, 2016 - 18:30
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SINGAPORE Exchange (SGX) said on Thursday the securities market will not re-open for the rest of the day after it was hit by technical glitches and twice failed to meet self-imposed targets, leaving the market in the dark.

SGX says it will not re-open for the rest of Thursday after technical glitches

Singapore Exchange (SGX) said on Thursday the securities market will not re-open for the rest of the day after it was hit by technical glitches and twice failed to meet self-imposed targets, leaving the market in the dark.


Singapore's Q2 GDP up 2.2% from a year ago

This is in line with analysts' expectations and is marginally higher than the 2.1 per cent growth in the previous quarter.


Update: UOB says investigation of trash bag of unshredded documents concluded

United Overseas Bank (UOB) said on Thursday it has closed investigations over an online report detailing the contents of a whole trash bag of mainly unshredded bank documents with client details, but gave no further information. These documents were found "under a tree along the street" at Boat Quay, said Middle Ground, an online news website.


SMEs' average time to settle debt shortens in year-on-year basis

Singapore's small and medium-sized enterprises (SMEs) have become more "credit" smart with a growing number tightening their terms and conducting more due diligence before extending credit to their clients.


UBS said to have flagged suspicious 1MDB transactions to MAS

UBS Group flagged suspicious transactions linked to 1Malaysia Development Bhd to the Monetary Authority of Singapore, prompting an investigation of the accounts involved, a person familiar with the matter said.


Singapore's Jurong Aromatics restarts after 1-1/2 yr shutdown

Jurong Aromatics Corp (JAC) has restarted its refining-petrochemical complex in Singapore after a 1-1/2 year shutdown, a source with direct knowledge of the matter said on Thursday.


Corporate Earnings


The STI Today

Singapore shares hardly trade as SGX's system fails in the morning

A lengthy trading suspension from 11.38am until the end of the day, caused by a computer glitch, provided the main talking point in Thursday's session. As a result, turnover amounted to just 539 million units worth S$335.2 million, about one-third recent averages. At the time of the breakdown, the Straits Times Index had dropped 3.73 points to 2,906.92.

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