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Daily Debrief: What Happened Today
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).
- Subsidiary with separate board to perform SGX's regulatory functions
- MAS says SGX's separate regulatory unit will strengthen governance
[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 (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] 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 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.
[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
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.