Daily Debrief: What Happened Today
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SMRT to transfer ownership of train assets to LTA
SMRT Corp will transfer the ownership of its rail assets, including trains and signalling systems, to the Land Transport Authority (LTA) for S$991 million.
SGX CEO sticks close to script, offers few details on cause of outage
Singapore Exchange chief executive, Loh Boon Chye, stuck closely to a script during a Friday press conference, giving few details about the cause of technical and process issues that shut down the stock market for all but 2.5 hours on Thursday.
MAS further revises risk-based capital framework governing insurers
Singapore insurers can feel more relieved now that the Monetary Authority of Singapore (MAS) has tweaked the proposed revisions to the framework that sets out capital requirements aimed at enhancing protection of policyholders.
Developers sold 2,344 private homes in Q2, up 65.2 per cent from Q1
The 2,344 private housing unit sales for Q2 is 65.2 per cent higher than the 1,419 private homes that developers moved in the first quarter of this year.
Singapore startup bets US$1.7b on becoming Asia's digital landlord
AirTrunk plans to build data centres in Australia's biggest cities of Sydney and Melbourne, with an anchor tenant already signed up as it targets undercutting rivals with lower prices.
Singapore retail sales rise 3% in May from a year ago due to higher car sales
Excluding motor vehicles, retail sales decreased 3.3 per cent, the Department of Statistics said on Friday.
Corporate Earnings
The STI Today
Singapore shares close higher in response to Wall St's all-time highs
The Singapore Exchange's (SGX) system breakdown on Thursday will surely dominate headlines and be the subject of conversation among industry players, but more important is that Wall Street's S&P 500 index has set four consecutive all-time highs this week - if it manages another record on Friday, it would make for a "perfect week", the first since 1998.
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International
China’s LGFV borrowing costs drop to record low as investors bet on bailout
UK budget deficit overshoots in setback for Hunt’s tax cut plans
BOJ will hike rates if trend inflation accelerates, says Ueda
India’s economic activity continues to expand
Thailand’s 500 billion baht stimulus project gets Cabinet approval
China finance ministry echoes Xi’s call for bond trading at PBOC