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Daily Debrief: What Happened Today

MAS 2_ST FILE PHOTO.jpg
Among the new initiatives by MAS is the issuance of SORA-based floating rate notes on a monthly basis, starting from Aug 21, 2020.

Stories you might have missed

Singapore retail sales fall 27.8% in June after partial reopening

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.


MAS to enhance transparency, data availability of SORA to catalyse greater activity

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.


KS Energy CEO Kris Wiluan faces 112 charges for alleged false trading, market rigging

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 will get first claim to any successful Arcturus Covid-19 vaccine

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.


CDP fined S$32,000 for personal data breaches over dividend cheques sent to outdated addresses

THE Central Depository (CDP) has been fined S$32,000 for personal data breaches when it mailed some dividend cheques to outdated addresses, putting some 200 account holders at risk of having their personal data disclosed.


Citibank names Singapore retail banking head, carves new role for retail HNW segment

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.


Corporate earnings


The STI today

STI closes 0.68% higher on Wednesday as spotlight falls on bank earnings

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.

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