Daily Debrief: What Happened Today
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MAS sets up steering committee for SOR transition to SORA
WITH the likely discontinuation of the US dollar (USD) Libor will impact the sustainability of SOR, the Association of Banks in Singapore (ABS) and the Singapore Foreign Exchange Market Committee have concluded that financial contracts that reference SOR, particularly SGD interest rate derivatives, should transition to reference SORA.
DC rates for non-landed residential use have been trimmed by 0.3 per cent on average; this follows the 5.5 per cent cut in March.
Singapore bank lending dips in July: MAS preliminary data
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LOANS through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$680.7 billion in July, compared with S$687.08 billion a month ago.
Singapore Police sets up Anti-Scam Centre, working with banks to disrupt scammers' operations
SUSPICIOUS bank accounts linked to scams can now be frozen in a few days, thanks to collaboration between the Singapore Police Force (SPF) and three major banks here.
URA to conserve former Singapore Chinese Girls' School buildings at Emerald Hill
THE buildings will be adapted to house new cultural and lifestyle uses, in line with the Government's plans to strengthen and differentiate Orchard Road with unique offerings.
Corporate earnings
The STI today
Singapore shares ride trade talk hopes to close 0.8% higher on Friday THE Straits Times Index (STI) ended August's trading session up 0.8 per cent or 24.69 points to 3,106.52.
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