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Daily Debrief: What Happened Today
The Attorney-General's Chambers (AGC) on Thursday charged SMRT Trains and two of its employees over an accident in March this year in which two SMRT employees were killed.
The Monetary Authority of Singapore (MAS) said on Thursday that up to S$2 billion of 10-year Savings Bonds will be offered in 2017. The first Savings Bond of 2017 will be issued on Jan 3, 2017, and up to S$150 million will be available. A new Savings Bond will continue to be issued every month, it said.
DBS Group Holdings Ltd cut at least 12 roles across Asia at its brokerage unit, the latest bank to shrink its trading desk as volumes slump.
Maybank Kim Eng has announced that it is collaborating with South Korean brokerage firm Daishin Securities to expand its equities footprint in Asia and provide its clients access to the South Korean stock market.
National Development Minister Lawrence Wong on Thursday announced the new Fresh Start Housing Scheme is now open for applications. This scheme aims to help second-timer families in public rental flats and with young children own a home of their own again.
Singapore Press Holdings will continue to focus on building resilience for its core media business as it explores opportunities to add value to the group, said chairman Lee Boon Yang.
Alphadyne Asset Management LLC, a New York-based hedge-fund manager overseeing US$4.8 billion in assets, will separate its Asia team into a new firm, said a person with knowledge of the matter.
The STI Today
Another firm session for the Straits Times Index (STI) thanks to a rise in oil prices and a push on the banks, and another relatively mixed session for the rest of the market - that in a nutshell was the story of Thursday's trading in the local stock market.