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Daily Debrief: What Happened Today
Singapore's tourism receipts fell 6.8 per cent year-on-year in 2015 to S$22 billion, even as international visitor arrivals crept up 0.9 per cent to 15.2 million.
The Monetary Authority of Singapore (MAS) said there was room for banks to strengthen underwriting practices in their corporate lending business after it conducted an inspection of several lenders.
Bank lending in Singapore was flat in January from the previous month, reflecting weak growth in business and consumer lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday.
Business confidence in Singapore for the second quarter of this year rose slightly into the expansionary zone after hitting a historical low in the first quarter of 2016, data from the Singapore Commercial Credit Bureau showed on Monday.
Oversea-Chinese Banking Corporation (OCBC) is planning a covered bond programme, it told The Business Times on Monday.
The government is trimming development charge (DC) rates - payable for enhancing the use of some sites or to build bigger projects on them - for commercial, non-landed residential, hotel/hospital and industrial uses.
Standard & Poor's (S&P) Ratings Services has lowered its long-term corporate credit rating on Noble Group to "BB-" from "BB+", on the company's volatile earnings, and its higher-than-expected trading position. The outlook is negative.
- Olam Int'l swings to Q4 loss on fair value charge on sweeteners business
- Vard slips into the red in Q4
- Vallianz Holdings posts 11.1% rise in Q4 profit
- Wheelock narrows Q4 loss
The STI Today
The Straits Times Index struggled for most of Monday to stay in the black in the face of selling pressure in China and Hong Kong, dipping briefly into the red in the late afternoon before a late, month-end window-dressing push took it to a gain of 17.13 points at 2,666.51.