Daily Debrief: What Happened Today
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Singapore to open payment rails to major non-bank financial firms from Feb 2021
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.
Singapore bank lending continues to slide in Oct: MAS data
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.
About 1,250 Shell employees to benefit from upskilling
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.
MAS orders removal of EH-Reit manager after submissions raise 'no new material facts' 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.
Yangzijiang gets new orders for nine vessels worth US$226 million 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 to set up electronic FX pricing and trade engine in Singapore
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.
Corporate earnings
The STI today
STI ends the day down 1.75%, but chalks strongest monthly price gain since 2009
THE benchmark Straits Times Index (STI) ended Monday down 1.75 per cent or 49.87 to close at 2,805.95.
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International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin