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Daily Debrief: What Happened Today
Singapore generates the highest built-asset income per person in Asia, at US$35,900, followed by Hong Kong at US$21,400.
Bank of Singapore (BOS), the private banking unit of OCBC Bank, has completed the acquisition of the wealth and investment management (WIM) businesses of Barclays plc in Singapore and Hong Kong for a lower price than stated earlier.
Prices of completed private apartments and condos were flat in October compared to September 2016. This is according to the National University of Singapore's (NUS) latest flash estimates for its Overall Singapore Residential Price Index (SRPI) released on Monday.
Standard Chartered on Monday announced the resignation of Ajay Kanwal, its regional CEO, Asean and South Asia, with immediate effect.
Real estate consultancy JLL said on Monday en bloc veteran Karamjit Singh, who has led JLL's Singapore residential team since 2012, will be leaving his position to pursue his own entrepreneurial interests.
The Maritime and Port Authority of Singapore (MPA) said on Monday its deputy chairman, Niam Chiang Meng, will be appointed chairman of MPA with effect from Dec 16, 2016.
Lombard International, a global wealth-structuring firm for high net worth investors, said on Monday the Monetary Authority of Singapore has approved the financial adviser's licence for its Singapore subsidiary, Lombard International Singapore.
The STI Today
Lifted by another all-time high on Wall Street on Friday, the Straits Times Index (STI) on Monday kicked the week off on firm footing, gaining 15.32 points at 2,874.65 thanks entirely to the banks and Singtel.