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Daily Debrief: What Happened Today
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SINGAPORE retailers saw till takings slide again in June, after the end of a two-month "circuit breaker" in April and May, despite looser coronavirus restrictions part-way through the month.
THE Monetary Authority of Singapore (MAS) will prescribe the Singapore Overnight Rate Average (SORA) as a financial benchmark under the Securities and Futures Act (SFA), as well as enhance its transparency and data availability, as part of a slew of measures to support the adoption of the MAS-administered SORA.
Indonesian tycoon and chief executive of offshore and marine company KS Energy, Kris Taenar Wiluan, was slapped on Wednesday morning with 112 charges in relation to violations of Section 197 of the Securities and Futures Act, which deals with false trading and market-rigging transactions.
Singapore sought out US Covid-19 vaccine developer Arcturus Therapeutics Holdings and is funding its research in order to secure the first doses of any successful final product, in a reflection of the growing urgency in the race for immunisation.
THE Central Depository (CDP) has been fined S$32,000 for personal data breaches when it mailed some dividend cheques to outdated addresses, putting some 200 account holders at risk of having their personal data disclosed.
CITI has made two internal senior retail banking appointments in Asia Pacific that are based in Singapore, including a newly created role with oversight of the bank’s retail high-net worth clients as well as a new head for its Singapore retail banking arm.
The STI today
LOCAL shares made mild gains on Wednesday, on hopes that US law-makers will reach an agreement on the next round of fiscal stimulus, to safeguard the global economic recovery.