Daily Debrief: What Happened Today
Stories you might have missed
Singapore's new bankruptcy rules to be implemented from August
The minimum debt amount that needs to be owed before a person may be made bankrupt will be increased to S$15,000 from S$10,000.
Cloud services used by financial institutions must protect customer data: MAS
"While outsourcing can bring about cost and other benefits, it may increase the risk profile of an institution," the central bank said.
Going postal with missed delivery? SingPost may soothe angst with locker rental service
Singapore Post (SingPost) on Wednesday introduced the country's first open parcel locker service. This will allow retailers and consumers to rent a locker to deliver and receive parcels, addressing the common hassle of missing the deliveryman, or in arranging meet-ups for Carousell transactions.
DBS Private Bank hires ex-UBS banker to head S-E Asia unit
DBS said on Wednesday it has appointed former UBS banker Joseph Poon as the regional head of South-east Asia for its private bank division. He joins on Aug 16, 2016.
Forex average daily turnover in Singapore hits record high in April with US$506b
Some US$506 billion were traded in April, a 26 per cent increase from October 2015.
Corporate Earnings
The STI Today
Singapore shares close 0.3 per cent up
A report that the Japanese government is preparing a stimulus package worth more than 28 trillion yen (S$360 billion) gave a midweek pick-up to flagging stock markets.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial