Daily Debrief: What Happened Today
Stories you might have missed
MAS lays out proposals to ease entry of digital advisory businesses to Singapore
Digital advisers or robo-advisers in Singapore operating as fund managers under the Securities and Futures Act (SFA) will be able to offer their services to retail investors even if they do not meet track record requirement, provided they fulfil certain safeguards.
COE prices end mostly lower in first round of bidding in June
Certificate of Entitlement (COE) prices finished mostly lower at the end of the latest bidding exercise on Wednesday.
Singapore Airlines CEO signals job cuts loom in business review
Singapore Airlines Ltd said jobs are likely to be cut as part of a business review South-east Asia's biggest carrier has kicked off to revive earnings following a surprise quarterly loss.
Increasing 'bankable' infrastructural projects in region is key: Lawrence Wong
As part of its aim to be an infrastructure hub for Asia, Singapore is looking to increase the number of "bankable" infrastructure projects in the region.
Singapore out of top 20 most expensive locations for expats
The cost of living for expatriates in Singapore is now lower than many of its Asian neighbours such as Hong Kong, Tokyo and Seoul.
New Punggol Coast station on NEL to be completed earlier by 2023
The Land Transport Authority (LTA) announced on Wednesday that the 1.6km long North East Line Extension (NELe) is expected to open by 2023, ahead of the original 2030 schedule.
Wing Tai unit disposing of Winnamax Investment for S$270.8m
Wing Tai Holdings' wholly owned subsidiary, Wing Tai China, has entered into a deal to dispose of its 100 per cent interest in the issued share capital of and shareholders' loans to Winnamax Investment.
The STI Today
Singapore shares close 5.26 points lower on Wednesday
Shares in the local bourse closed lower on Wednesday for the third straight session, with the Straits Times Index down 5.26 points to finish at 3,230.49.
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International
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo
Indonesia’s central bank delivers surprise rate hike to anchor rupiah
Prabowo’s aide says Indonesia doesn’t need another rate hike