Daily Debrief: What Happened Today

SGX to hive off regulatory functions with new unit; MAS to continue to regulate SGX

SINGAPORE Exchange (SGX) announced on Monday it is separating its regulatory functions by establishing a subsidiary (RegCo) with a separate board to carry out these functions, in a move that the Monetary Authority of Singapore (MAS) said would strengthen SGX's role as a self-regulatory organisation (SRO).

Temasek said to weigh buyout of Singapore subway operator SMRT

[SINGAPORE] Singapore state investment company Temasek Holdings Pte Ltd is considering a buyout offer for SMRT Corp, the city-state's biggest subway operator, a person with knowledge of the matter said.

Singapore's non-oil domestic exports down 2.3% in June

Singapore's non-oil domestic exports (NODX) fell 2.3 per cent year on year in June due to a decline in both electronic and non-electronic NODX, after rising 11.6 per cent in May.

Singapore launches talks for free trade deal with Sri Lanka

[SINGAPORE] Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, Singapore's trade minister said on Monday.

OCBC merges 2 banking units in China to form OCBC Wing Hang China

OCBC Bank said on Monday it has merged its two subsidiaries in China - OCBC Bank (China) and Wing Hang Bank (China) Limited - to form OCBC Wing Hang Bank (China) Limited.

ICICI Pru Life files for India's biggest IPO in six years

[MUMBAI] India's ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about US$745 million in the biggest local IPO in six years.

The STI Today

Singapore shares close mixed

THE Straits Times Index (STI) kicked off the week with a 3.41 point rise to 2,928.76 on Monday, probably influenced by rises in Hong Kong and the Dow futures.