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Daily Debrief: What Happened Today
Claims on beleaguered offshore marine group Swiber Holdings have ballooned to US$197 million from US$135.9 million a week ago.
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 and condominium units in Singapore crept up 0.2 per cent in July over the preceding month.
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.
Singapore's sovereign wealth fund GIC is looking to place its first significant direct investment in a commercial bank in Vietnam.
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.
Veteran investor Peter Lim has lodged a police report against those who have made online claims linking him to get-rich-quick investment schemes.
- Global Yellow Pages remains in the red for FY2016
- GL's full-year net profit up 41% to US$67.6 million
- Micro Mechanics full-year profit slips 1.1% on forex translation
The STI Today
Singapore shares fell on Monday as expectations of interest rate hikes rose following remarks by US Federal Reserve chairwoman Janet Yellen.