Bank lending in July rose 1.1 per cent from a month ago on a surprise jump in loans to financial institutions and for trade, preliminary data from the Monetary Authority of Singapore showed on Wednesday.
The government is increasing development charge (DC) rates, payable for enhancing the use of some sites or to build bigger projects on them, for commercial, non-landed residential and hotel/hospital uses.
DBS Group Holdings has priced its issue of US$750 million perpetual securities at 3.6 per cent, the bank said on Wednesday morning. The securities are expected to be issued on Sept 7.
From Sept 1, changes to the premium payment framework to minimise claim disputes between insurers and customers that arise out of a delay or non-payment in premiums for all general insurance policies, including motor and travel plans, will take effect.
The Singapore Land Authority (SLA) has launched a new online service, MyProperty, to let property owners view their title deeds and boundary plans.
Four new members have been appointed to the board of the Inland Revenue Authority of Singapore (Iras) with effect from Sept 1, 2016.
The STI Today
Singapore shares slipped on Wednesday amid ongoing pressure in the oil and gas sector, as the Straits Times Index (STI) declined by 0.3 per cent, or 7.8 points, to close at 2,820.59.