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Daily Debrief: What Happened Today

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Monetary Authority of Singapore (MAS) managing director Ravi Menon. MAS said on Monday it will sharpen its supervision on anti-money laundering and countering financing of terrorism control (AML/CFT) in the financial industry.

Monetary Authority of Singapore Briefing

MAS sees dent in reputation, to raise supervision amid 1MDB probe

Speaking at a press briefing, MAS managing director Ravi Menon said the ongoing probe into financial transactions related to Malaysia's embattled state fund 1MDB is a stark reminder that the risks are real.


Keppel refutes Operation Car Wash allegations

Singapore-listed conglomerate Keppel Corp refuted allegations by Zwi Skornicki in his July 21 testimony in Brazil in connection with the ongoing Lava Jato, or Operation Car Wash, investigations regarding the company's alleged involvement in the illegal payments made by Mr Skornicki.


Singapore inflation eases for 20th month in June, projected to rise in coming months

Singapore's inflation fell by 0.7 per cent from a year ago in June, compared to the 1.6 per cent drop in May when the government rebates to households cut housing maintenance-related costs.


Alibaba buys distribution rights for Spackman's film 'Life Risking Romance'

Alibaba Pictures Group has purchased the rights to distribute Spackman Entertainment Group's film "Life Risking Romance" in movie theatres and on online platforms in China.


Private transport firm to roll out electric taxi fleet in Singapore from September

HDT Singapore Taxi will launch a fleet of 100 fully-electric taxis in Singapore as part of an e-taxi trial by the first quarter of next year.

 


Corporate Earnings


The STI Today

Singapore shares close 0.5% down on Monday

Caution reigned on Monday ahead of central bank meetings in Japan and the United States this week.