Daily Debrief: What Happened Today

Stories you might have missed

Temasek's one-year return turns negative, portfolio value dips to S$306b

TEMASEK Holdings' one-year total shareholder return (TSR) has fallen into negative territory, to -2.3 per cent for the 12 months ended March 31, 2020, according to its preliminary portfolio performance.

MAS proposes new powers to regulate financial services amid emerging cyber risks

THE additional powers proposed will allow the central bank to impose on financial institutions certain requirements to manage technology risks, license and regulate providers of digital token services overseas, and issue prohibition orders against individuals it deems unsuitable from operating in the industry.

Covid-19 may drive the worst economic collapse in recent years, but also presents opportunity to reset: DBS chief

COVID-19 has hit the reset button on world economies, with governments looking to firm up "exit plans" from their current consumption-focused stimulus packages, said DBS chief Piyush Gupta.

Singtel Dash partners Ezra to offer migrant workers extra airtime credit

FROM July 22 to Aug 23, Singtel is offering credit of up to two times the value of top-ups to migrant workers who use Dash to purchase international mobile airtime for their friends and family back home.

Singapore firms plan to invest in supply chain digitisation, lean into intra-regional partners: HSBC

SINGAPORE firms feel the full force of the economic shock more acutely than their global peers, according to survey findings from HSBC released on Tuesday.

Hoe Chiang Road site in CBD up for sale with S$715m guide price

THE freehold 39,337 square foot (sq ft) site has been approved for hospitality use with a gross floor area (GFA) of about 248,483 sq ft, or an equivalent gross plot ratio (GPR) of above 6.31 based on written permission issued in November last year.

The STI today

STI up 0.5% on fresh hopes of virus vaccine and EU stimulus deal

THE STI was up 0.5 per cent or 13.15 points to 2,629.45 for the day.