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Daily Debrief: What Happened Today
The life insurance industry in Singapore recorded a 20 per cent year-on-year rise in total weighted new business premiums to S$844.9 million in the second quarter ended June 30, 2016, lifted by sales of endowment and Integrated Shield Plans (IPs), among others.
Resale prices of non-landed private homes in Singapore eased 0.4 per cent in July 2016 over the previous month, based on SRX Property's flash estimate for last month released on Wednesday.
Singapore banks' second-quarter results showed pressure on profitability and asset quality, but credit profiles should remain resilient despite the weaker operating environment, Fitch Ratings said in a recent commentary.
Bank of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore announced on Wednesday that they have jointly developed a prototype solution built on blockchain technology that could change the way businesses around the world trade with one another.
Singapore's offshore oil services companies and marine engineering firms are leaving it too late to reorganise finances to survive an industry slump, raising the risk of steep losses on their bonds, a debt restructuring consultancy said.
JTC has awarded the tender for the industrial site at Tuas South Link 2 (Plot 7) to the highest tenderer, SE Global Group Pte Ltd, at S$2.68 million.
- EMS Energy reverses into loss in H1, warns of 'storm' ahead for industry
- YuuZoo Q2 profit rockets to S$14.3m
- Poh Tiong Choon Q2 profit falls 21%; interim dividend kept at 0.75 Singapore cent
- CNMC Q2 profit up 31% on higher gold production and price
- Vicom Q2 profit down 12.6%
The STI Today
An afternoon reversal in Hong Kong and the Dow futures and a soft opening Europe-wide possibly because of weak oil prices on Wednesday put paid to hopes earlier in the day that the Straits Times Index could end the session in the black for the year.