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Singapore Wrap Wednesday
Sukuk financing is ideal for infrastructure projects and will complement ongoing work by Singapore to enhance the bankability of infrastructure projects in the region, a Monetary Authority of Singapore (MAS) official said Wednesday morning.
IDA said on Wednesday at CommunicAsia 2015 that the Smart Nation drive is creating an environment that provides new growth and market opportunities for businesses in Singapore.
Singapore investors face a potential shortfall of 3.6 per cent in annual returns on their investments to keep up with the rising costs of their financial goals, including saving for retirement and higher education.
DBS Bank is expanding into Australia next, after receiving regulatory approval to conduct institutional banking activities in the country.
Singapore Exchange (SGX) on Wednesday reprimanded YuuZoo Corporation for its May 21 announcement, saying that the company had "misuse(d) SGXNet".
The STI Today
After Tuesday's 51-point loss, the Straits Times Index (STI) on Wednesday managed a 9.09-point rebound to 3,349.84. Turnover, which rose to S$1.7 billion on Tuesday, amounted to 1.3 billion units worth S$1.5 billion and excluding warrants, there were 199 rises versus 249 falls.