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Singapore Wrap Thursday
The Monetary Authority of Singapore on Thursday announced changes made to earlier proposed policies for the real estate investment trust sector, following feedback from and discussions with the industry.
The Association of Financial Advisers (Singapore), or AFA(S), has urged the Monetary Authority of Singapore to take a closer look at the way in which commission rebates for life insurance policies are carried out in the industry.
The government will launch an enhanced SingPass system on July 5, 2015, which will include better user experience, mobile-friendly features and a two-factor authentication (2FA) for enhanced security.
The Monetary Authority of Singapore has slapped a "trade with caution" on Singapore Exchange following the counter's increased traded volume and share price on Wednesday.
Banks in Myanmar
OCBC Bank signed memoranda of understanding with 10 Myanmar banks on Thursday at the official opening of its Myanmar branch.
United Overseas Bank Group (UOB) expects some US$300 million in investments within a year to support clients in Myanmar.
The STI Today
A new day, another nondescript session. The Straits Times Index (STI) on Thursday displayed all the verve of a patient on life support, finishing a coma-inducing session a nett 3.3 points weaker at 3,327.84.