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Daily Debrief: What Happened Today

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THE withdrawal of the United Stated from the Trans-Pacific Partnership (TPP) is a setback for global free trade agenda, the Minister for Trade and Industry (Trade) Lim Hng Kiang told Parliament on Monday.

 

Singapore committed to pursuing rules-based global trading system: Lim Hng Kiang
MR Lim said without the US, the TPP agreement as signed cannot come into effect. However, he said Singapore remains firmly committed to pursuing a rules-based global trading system and achieving greater regional integration.


Tweaks to tighten Singapore's patents law read in Parliament
UNDER the revised Bill, before a patent is granted, all applications will be fully examined by the Intellectual Property Office of Singapore (IPOS) to ensure the inventions meet all of Singapore's standards.


 

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Market voices on:

Presidential election to be held in September with new campaign rules
THIS year's presidential election will be pushed back to September, to avoid the campaigning period coinciding with National Day celebrations in August, said Minister in the Prime Minister's Office Chan Chun Sing on Monday (Feb 6).


Bank of Singapore clients can now book assets in Switzerland
THIS arrangement will allow its Asian ultra-high and high net worth clients to open an account with Vontobel to place their assets in the Swiss wealth manager's Zurich booking centre.


FSL Trust says to expect significant net loss for FY2016, appoints new CEO
THE trust, which owns ships and provides leasing services on a long-term bareboat charter basis, said in an announcement that it "deems it appropriate to issue a profit warning" with respect to its financial results for the year ended Dec 31, 2016.


Corporate Earnings


The STI Today

Singapore shares finish firmer, banks, GLP help STI rebound from last week’s losses
US banks rose on Friday and their local counterparts followed in their footsteps on Monday, helping push the Straits Times Index up 14.97 points to 3,056.91 after it had dropped 26 points last week on Thursday and Friday.


 

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