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Daily Debrief: What Happened Today

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Wednesday, August 31, 2016 - 18:30

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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. This is the strongest month-on-month jump since June 2015.

Bank lending in Singapore up 1.1% in July on loans to financial, trade sectors

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.


DC rates raised for non-landed residential, commercial and hotel/hospital uses

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.

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DBS perpetual securities offering 8.7 times subscribed

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.


Revised insurance premium payment framework to start from Sept 1

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.


Singapore Land Authority launches online service MyProperty

The Singapore Land Authority (SLA) has launched a new online service, MyProperty, to let property owners view their title deeds and boundary plans.


New members appointed to Iras board

Four new members have been appointed to the board of the Inland Revenue Authority of Singapore (Iras) with effect from Sept 1, 2016.


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Singapore shares close lower amid pressure on oil & gas

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.

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