Daily Debrief: What Happened Today

DBS CEO says wealth management to account for a fifth of bank's revenue

DBS Group Holdings expects to expand its wealth management operations as Asia's wealth grows, accounting for as much as 20 per cent of the bank's total income over the next few years, Piyush Gupta, the CEO of Southeast Asia's largest bank by assets, said.

Singapore must remain attractive place for work, business: Heng Swee Keat

At a time when other economies are lowering corporate tax rates, Singapore must do what it can to remain an attractive place to work and do business, said Finance Minister Heng Swee Keat on Thursday.

SEC freezes assets of Maybank KE Singapore customers on insider trading suspicions

The United States Securities and Exchange Commission (SEC) has frozen the assets of certain unknown customers of Singapore broker-dealer Maybank Kim Eng Securities on suspicions of insider trading.

Embrace spirit of enterprise, partnership to navigate future unknowns: Heng Swee Keat

Singapore's latest fiscal budget aims to help companies and individuals find the courage to explore the unknown future together, said Finance Minister Heng Swee Keat.

Credit Suisse Asia Pacific partners fintech firm Mesitis to offer aggregation platform

Credit Suisse Asia Pacific on Thursday said that it would partner fintech company Mesitis Pte Ltd to roll out an aggregation and reporting platform for its private banking clients.

Sabana Reit manager responds to SGX queries on resignation of director

The Singapore Exchange has pressed on with its queries to the embattled manager of Sabana Shariah-Compliant Real Estate Investment Trust (Sabana Reit), this time in relation to the resignation of a non-executive director who cited "certain internal dynamics" that has led to her decision.

The STI Today

Singapore shares surge on upbeat expectations

Singapore shares advanced on Thursday, buoyed by fresh record highs on Wall Street and expectations that the US Federal Reserve will lift interest rates next month.