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Daily Debrief: What Happened Today

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THE former relationship manager of Malaysian financier Low Taek Jho and former managing director of Swiss bank BSI, Yak Yew Chee, has been handed a jail term of 18 weeks and fined S$24,000 by a Singapore court.

Ex-BSI managing director jailed 18 weeks, fined S$24,000

The former relationship manager of Malaysian financier Low Taek Jho and former managing director of Swiss bank BSI, Yak Yew Chee, has been handed a jail term of 18 weeks and fined S$24,000 by a Singapore court.


Domestic money markets functioning normally: MAS

The Monetary Authority of Singapore (MAS) said on Friday afternoon that the Singapore dollar nominal effective exchange rate (S$NEER) remains well within its policy band, notwithstanding increased volatility in international foreign-exchange markets over the last few days.

sentifi.com

Market voices on:


Malaysian ringgit plunges in offshore markets; central bank locks spot in

Malaysia's ringgit plunged to its weakest in more than 12 years in offshore markets on Friday as investors dumped government bonds, while the spot rate barely moved as the central bank kept a tight grip on the onshore market.


Broker's take: KGI downgrades Ezion to 'sell' on weak fundamentals

KGI Securities has downgraded Ezion Holdings to a sell from a hold due to the company's weak fundamentals and high valuation compared to international peers.


Alibaba Singles' Day sales race past US$5b in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd said it racked up more than US$5 billion in transactions in the first hour of its annual 'Singles' Day' sales blitz on Friday - a third more than in the first hour of last year's spree.


Corporate Earnings


The STI Today

Singapore shares finish weaker on Friday; STI still up 0.9% for week, thanks to banks

A volatile week ended on Friday with the Straits Times Index down 19.49 points at 2,814.6 in line with falls in most other emerging markets and currencies, and with more questions than answers in the minds of investors. For the week, the index gained 26 points or 0.9 per cent, with the bulk of the support coming from gains in the banks.

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