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Daily Debrief: What Happened Today

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Monday, August 29, 2016 - 18:30
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Claims on beleaguered offshore marine group Swiber Holdings have ballooned to US$197 million from US$135.9 million a week ago.

Claims on Swiber balloon to US$197m

Claims on beleaguered offshore marine group Swiber Holdings have ballooned to US$197 million from US$135.9 million a week ago.


S$ falls nearly 2% against US$ from August high after Yellen's speech

The Singapore dollar fell to S$1.361 against the US dollar on Monday at 2.29pm, almost 2 per cent lower from the August high of S$1.338 following last Friday's highly anticipated speech from US Federal Reserve chairwoman Janet Yellen.


Prices of completed private apartments, condos up 0.2% in July: NUS index

Prices of completed private apartments and condominium units in Singapore crept up 0.2 per cent in July over the preceding month.


Visitor arrivals to Singapore up 14%, tourism receipts rise 2% in Q1

Visitor arrivals to Singapore rose 14 per cent year on year to 4.1 million in the first quarter of this year, while tourism receipts grew at a slower 2 per cent to S$5.4 billion.


GIC plans to acquire 7.73% stake in Vietcombank

Singapore's sovereign wealth fund GIC is looking to place its first significant direct investment in a commercial bank in Vietnam.


Kwa Chong Seng appointed new SGX chairman, steps down from Olam's board

The Singapore Exchange (SGX) has appointed a new chairman, Kwa Chong Seng, who will in turn step down from Olam International's board to devote time to the new responsibilities.


Peter Lim makes police report against claims linking him to get-rich-quick schemes

Veteran investor Peter Lim has lodged a police report against those who have made online claims linking him to get-rich-quick investment schemes.


Corporate Earnings


The STI Today

Singapore stocks close lower after Yellen speech; STI drops 1%

Singapore shares fell on Monday as expectations of interest rate hikes rose following remarks by US Federal Reserve chairwoman Janet Yellen.