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Daily Debrief: What Happened Today
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THE move levels the playing field for non-bank e-wallet players that meet the necessary risk-management standards to secure network access, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), told The Business Times.
LOANS through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - inched down 0.3 per cent to S$675.64 billion in October, compared with S$677.46 billion a month ago.
THE Singapore Shell Employees' Union (SSEU) has teamed up with Shell to set up a Joint Capability Council (JCC) that will support training plans benefiting some 1,250 employees, out of the oil major's more than 3,100 staff in Singapore.
THIS move closely follows the issuance of a Notice of Intention (NOI) on Oct 26, which was in view of numerous breaches of the Securities and Futures Act (SFA) by the Reit's manager EH-Reit Management, as well as serious concerns over the manager's ability to comply with rules and regulations, said MAS.
THE nine vessels consist of four 2,400 twenty-foot equivalent unit (TEU) containerships, one 2,700 TEU containership, two 1,800 TEU containerships and two 59,000 deadweight tonnage (DWT) dry bulkers.
UOB on Monday said it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, acting as the hub to service the bank's client franchise.
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The STI today
THE benchmark Straits Times Index (STI) ended Monday down 1.75 per cent or 49.87 to close at 2,805.95.