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Daily Debrief: What Happened Today
Bank lending in Singapore rose 0.8 per cent in October from a month ago - reversing from a slip in September - as growth in business lending turned positive, preliminary data from the Monetary Authority of Singapore (MAS) showed on Wednesday.
Singapore's office rents will remain "a little soft" in 2017 and may pick up only at the end of the year when the amount of new supply of space shrinks, according to CapitaLand Commercial Trust, one of the country's biggest landlords.
The Monetary Authority of Singapore (MAS) and the Bank of Japan have established a local currency swap agreement, the MAS said on Wednesday.
Millennials in established markets including Singapore, the United States and the United Kingdom prefer an experience-driven life than their counterparts in developing economies, who have more disparate notions of a wealthy lifestyle.
Thai e-payments company Ascend Money, which is 20 per cent owned by Alibaba's Ant Financial, is eying an international remittance business in Singapore and may launch it as early as next year, its chief executive Punnamas Vichitkulwongsa said on Wednesday.
The STI Today
An overnight rise on Wall Street and probable month-end window-dressing of certain key blue chips - or "portfolio rebalancing" if you prefer - on Wednesday helped push the Straits Times Index up 24.88 points to 2,904.02, taking it 22 points or 0.8 per cent into the black for 2016.