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Daily Debrief: What Happened Today
Business receipts of Singapore's services industries (excluding wholesale & retail trade and accommodation & food services) fell 3.8 per cent in the first quarter of 2016 over the previous quarter, according to data released by the Department of Statistics on Friday.
Standard Chartered Bank on Friday said it has bought a second office building in Changi Business Park for S$45 million as it increases its investments in Singapore to improve efficiency.
"Hong Kong and Singapore are in a different cycle," LaSalle's Chris Chow said in an interview.
French insurer AXA on Friday announced a broad management reshuffle under its incoming CEO, who is expected to focus on shareholder returns and digital transformation when he presents a strategic plan on June 21.
Hackers who stole US$81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post on Thursday.
The STI Today
Other than the Singapore Exchange announcing it is in exclusive talks to buy London's Baltic Exchange and oil prices rising above US$50 per barrel for the first time in seven months, there was not much else to talk about in the past week.