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Daily Debrief: What Happened Today

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Tuesday, February 14, 2017 - 18:30

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THE Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise.

HDB launches 4,056 flats for sale in February BTO exercise

The Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise.


MAS relaxes rules on finance firms to help fund SMEs, including allowing foreign M&As

The Monetary Authority of Singapore (MAS) announced on Tuesday that it would be relaxing some of its rules this year to strengthen the resilience of finance companies, so that they can provide more funding to small and medium sized enterprises (SMEs).

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Singapore's life insurance industry shows growth in Q4

Singapore's life insurance industry grew on all fronts in the fourth quarter of last year, despite a tough macro-economic environment, data on Tuesday showed.


Singapore gets record visitor arrivals, tourism receipts in 2016

Visitor arrivals and tourism receipts to Singapore hit record highs in 2016, with arrivals growing 7.7 per cent to 16.4 million and receipts expanding 13.9 per cent to S$24.8 billion.


Assurity to provide new level of authentication

Government Technology Agency (GovTech) owned Assurity Trusted Solutions on Tuesday signed an agreement with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap.


Prime region leads private-home resale price rise in January: SRX Property

The first month of 2017 saw a continued momentum in the high-end residential property segment, with resale prices in the Core Central Region (CCR) making a 1.9 per cent rise from a month ago and 2.7 per cent increase from a year ago, based on SRX Property estimates.


CDL invests 900m yuan in Shanghai office project

Property heavyweight City Developments Limited (CDL) through its fully-owned subsidiary, CDL China, has entered into an equity transfer agreement to buy a prime Shanghai office project for a total transaction value of 900 million yuan (S$186 million).


Corporate Earnings


The STI Today

Singapore stocks finish weaker after bank selloff

US President Donald Trump's promise of a "phenomenal" tax plan may have driven Wall Street to new highs on Monday but here, a bank selloff on Tuesday after OCBC reported its latest results, led to a 39.16 points or 1.3 per cent loss for the Straits Times Index at 3,072.47, its biggest single-day drop of 2017.

 

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