Daily Debrief: What Happened Today

Singapore to focus on digital economy, trade facilitation as Asean chair in 2018 SINGAPORE will pursue a set of tangible deliverables that aim to deepen regional connectivity, and position Asean as a region fo SINGAPORE will pursue a set of tangible deliverables that aim to deepen regional connectivity, and position Asean as a region for seamless economic activity as the Republic take on Asean chairmanship in 2018.

Singapore July retail sales up 1.8% y-o-y RETAIL sales in July showed modest signs of recovery as it notched gains year on year (y-o-y), a conti RETAIL sales in July showed modest signs of recovery as it notched gains year on year (y-o-y), a continuation of the upward trend seen in June.

Private condo resale prices up 0.7% in August, volumes up 19.2%: SRX Property NON-LANDED private residential resale prices inched up 0.7 per cent in August from July, led by the prime and suNON-LANDED private residential resale prices inched up 0.7 per cent in August from July, led by the prime and suburban regions, and accompanied by a monthly increase in transaction volumes.

GIC-backed Bandhan is said to select banks for 50b rupee IPO Bandhan Bank, the first Indian microfinance lender to get a banking permit, has picked arrangers for an initial public offering that could raise at least 50 billion rupees Bandhan Bank, the first Indian microfinance lender to get a banking permit, has picked arrangers for an initial public offering that could raise at least 50 billion rupees (S$1.05 billion), people with knowledge of the matter said.

China jails 26 over US$7.6b Ponzi scheme TWO senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Pon TWO senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.

The STI Today

Singapore stocks finish higher in quiet trading ACTIVITY in local stocks remained subdued on Tuesday as traders appeared relatively u ACTIVITY in local stocks remained subdued on Tuesday as traders appeared relatively unexcited by Wall Street's all-time Monday high.