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Daily Debrief: What Happened Today
Keppel Corp, the world's largest builder of oil rigs, said it won't resume work for a key Brazilian client until the company restarts making payments on its orders.
Apple Pay is gaining traction in Singapore, with American Express and StarHub among the first companies that announced tie-ups with Apple Pay on Tuesday.
DBS Bank on Tuesday announced it has signed cross-referral agreements with two local peer-to-peer (p2p) lending platforms, Funding Societies and MoolahSense - in a first-of-its-kind collaboration between established financial institutions and emerging fintechs (financial technology startups).
The Singapore dollar has already undone all of its drop from last week's surprise easing as central banks worldwide face the limits of monetary policy in weakening a currency.
Singapore, Southeast Asia's most advanced economy, is falling behind its less developed peers when it comes to women breaking the glass ceiling at companies.
Money managers for Asia's wealthy families are telling clients to buy US dollars as a rally this year in regional currencies begins to sputter.
The STI Today
The Straits Times Index (STI) on Tuesday rose for the fifth time in six days, gaining 34.06 points to 2,951.81 in response to an overnight jump on Wall Street and a 40-point rise in the Dow futures. Turnover amounted to 1.3 billion units worth S$1.2 billion and excluding warrants, there were 264 rises versus 134 falls.