Daily Debrief: What Happened Today

MAS to require licences for business loan crowdfunding platforms

Crowdfunding platforms that currently use a promissory note exemption to reach retail investors will have to obtain licences to continue operating, the Monetary Authority of Singapore (MAS) announced on Wednesday.

MND to offer land for 7,545 private homes including 780 ECs in H2

The government will release land for 7,545 private homes (including 780 executive condo (EC) units) as well as 277,080 sq metres gross floor area (GFA) of commercial space on both confirmed and reserve lists in the second half of this year.

Car COE premiums higher after easing of loan curbs

These premiums on Wednesday saw increments of more than S$5,000 in the car categories, nudging them past the S$50,000 mark, last seen in January this year.

Update: MAS says no Singapore bank received 1MDB bond proceeds

The Monetary Authority of Singapore (MAS) said on Wednesday that no bank in Singapore received the US$3 billion wire transfer from Goldman Sachs which had arranged the bond issuance for Malaysian state fund 1Malaysia Development Berhad (1MDB).

Hot Stocks: Keppel, Ezra shares surge as oil holds above US$50

Shares of Keppel Corporation surged on Wednesday with oil prices holding above US$50 per barrel. The stock rose steadily through the day, and was up 26 Singapore cents, or 4.8 per cent, to S$5.72 at 4.15pm.

Singapore is 10th most expensive city in Asia for expats: survey

Singapore now ranks as the 10th most expensive city in Asia for expatriates, the latest five-year survey from ECA International showed on Wednesday. It rose by 13 places on the global ranking from five years ago.

The STI Today

Singapore shares close higher with oil and shipping stocks in play

A firming oil price helped bring offshore and marine stocks into play on Wednesday as the Straits Times Index (STI) chalked up a fifth successive rise in modest volume of 1.7 billion units worth S$1.05 billion.