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Daily Debrief: What Happened Today

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The Urban Redevelopment Authority's retail property rental index fell 1.2 per cent in the second quarter of this year over the preceding quarter - a smaller drop than the 2.9 per cent quarter-on-quarter decrease in Q1 2017.

URA Property Data


Magnus Bocker, ex-SGX CEO, dead at 55

Magnus Bocker, who led the Singapore Exchange (SGX) after the global financial crisis, has died from cancer in the United States, the Business Times has learned. He was just over a month shy of turning 56.


SGX to allow dual-class structures from developed markets for secondary listings

sentifi.com

Market voices on:

Companies with dual-class share (DCS) structures that are primary listed in developed markets will be allowed to hold a secondary listing in Singapore, the Singapore Exchange (SGX) said on Friday.


Actual number of retrenched in 2017 will be less than in 2016: NTUC official

The actual number of retrenched in 2017 will be less than the high of about 19,500 in 2016, said NTUC assistant secretary-general Patrick Tay in a Facebook post on Friday.


NUS Enterprise, Salim Group open startup hub in Jakarta

NUS Enterprise, the entrepreneurial arm of the National University of Singapore, in partnership with Indonesia's Salim Group, on Friday announced the launch of BLOCK71 Jakarta.


DBS appoints new CIO of consumer banking and wealth management

DBS Group Holdings said on Friday that it has appointed Hou Wey Fook as chief investment officer, consumer banking and wealth management, effective early September 2017.


Resident jobless rate, retrenchments in Singapore fall in Q2

Resident jobless rate and retrenchments in Singapore in the second quarter of 2017 are lower than in the first quarter of 2017, preliminary figures released on Friday by the Ministry of Manpower (MOM) showed.


AIA Singapore's new business value falls 10% in H1; HK, China drive group's growth

Insurer AIA Singapore on Friday posted a 10 per cent year-on-year fall in value of new business (VONB), which is a measure of expected profits from new premiums, to US$135 million for the six months ended May 31, 2017, on a constant exchange rate basis.


K1 sells interest in Guggenheim Capital, to suspend trading on completion as it mulls options

K1 Ventures has agreed to sell off its entire interest in Guggenheim Capital for a gross cash consideration of US$221 million (S$300.4 million) , which will boost its earnings per share by about 31 Singapore cents for the financial year ending June 30, 2017.


Corporate Earnings


The STI Today

Singapore shares close 0.7% lower

Singapore shares closed lower with the key Straits Times Index retreating 24 points or 0.7 per cent to finish at 3,330.75 on Friday.

 

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