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Daily Debrief: What Happened Today
DBS Group Holdings expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 per cent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest bank by assets, said.
At a time when other economies are lowering corporate tax rates, Singapore must do what it can to remain an attractive place to work and do business, said Finance Minister Heng Swee Keat on Thursday.
The United States Securities and Exchange Commission (SEC) has frozen the assets of certain unknown customers of Singapore broker-dealer Maybank Kim Eng Securities on suspicions of insider trading.
Singapore's latest fiscal budget aims to help companies and individuals find the courage to explore the unknown future together, said Finance Minister Heng Swee Keat.
Credit Suisse Asia Pacific on Thursday said that it would partner fintech company Mesitis Pte Ltd to roll out an aggregation and reporting platform for its private banking clients.
The Singapore Exchange has pressed on with its queries to the embattled manager of Sabana Shariah-Compliant Real Estate Investment Trust (Sabana Reit), this time in relation to the resignation of a non-executive director who cited "certain internal dynamics" that has led to her decision.
The STI Today
Singapore shares advanced on Thursday, buoyed by fresh record highs on Wall Street and expectations that the US Federal Reserve will lift interest rates next month.