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Singapore Wrap Thursday

Today's notable stories

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THE Monetary Authority of Singapore (MAS) on Thursday announced changes made to earlier proposed policies for the real estate investment trust (Reit) sector, following feedback from and discussions with the industry.

MAS implements higher development and leverage limits for Reits, while fees stay

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.


Financial advisers' association pushes for guidelines on insurance commission rebates

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.


SingPass system with enhanced security features to be launched on Sunday

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.


MAS issues 'trade with caution' on SGX

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

Singapore stocks close in mixed finish after quiet session

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.