Daily Debrief: What Happened Today
Stories you might have missed
Ex-BSI banker Yeo Jiawei splurged US$8.2m on Australian properties: report
Former Singapore banker Yeo Jiawei, accused of laundering money linked to Malaysia's 1MDB scandal, used a tax haven company as part of an US$8.2 million (S$11.6 million ) plus splurge on property in Australia's Gold Coast, The Guardian has reported.
Singapore retail sales up 1.1% in Nov on surge in car sales
Singapore retail sales were up 1.1 per cent in November 2016, compared to the same month a year ago, data released by the Department of Statistics on Friday showed.
Loans growth at OCBC's Chongqing branch triples y-o-y in Nov
OCBC said on Friday that loans growth at its Chongqing branch (operated by wholly owned subsidiary OCBC Wing Hang China) had tripled year-on-year in November 2016 as a result of increased business activity.
Malaysian restaurant chain PappaRich said to mull Singapore IPO
PappaRich Malaysia Sdn, a food chain selling local cuisine from nasi lemak to curry laksa noodles, is considering a Singapore initial public offering, people with knowledge of the matter said.
CNMC Goldmine Holdings warns of loss for Q4
CNMC Goldmine Holdings expects to report a net loss for the fourth quarter of 2016, due to unrealised foreign exchange losses and a fall in revenue as a result of lower ore grades.
The STI Today
STI gains 1% on Friday, 2% for the week
It was a Trump reflationary play that helped the Straits Times Index on Tuesday regain the 3,000 mark lost since early November 2015, and it was Trump-related disappointment that dragged the STI below that level two days later on Thursday.
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Economy & Policy
Singapore’s 2023 tourism receipts hit S$27.2 billion, may hit record S$29 billion in 2024
Higher starting pay, easier route for poly grads among moves to boost supply of local accountancy talent
Singapore’s new leaders must prepare to be tested on foreign policy: PM Lee
Singapore must find partners abroad, keep harmony at home: PM Lee
India’s 2023/24 fiscal deficit seen slightly better than projected: source
Daily Debrief: What Happened Today (May 10)