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Daily Debrief: What Happened Today

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Wednesday, August 10, 2016 - 18:30
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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.

Singapore's life insurance business in Q2 lifted by non-linked products

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.


Singapore condo resale prices fall 0.4% in July, erasing June's gain

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' credit profiles resilient despite oil-and-gas headwinds: Fitch

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.


Consortium develops blockchain prototype solution to replace LC transactions

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.


Swiber troubles show urgency needed in fixing debt, adviser says

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 awards industrial site at Tuas South Link 2 to SE Global

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.


Corporate Earnings


The STI Today

Singapore shares close mixed in line with weak Europe opening, O&G concerns

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.

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