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Daily Debrief: What Happened Today
Certificate of Entitlement (COE) premiums were mixed in the second bidding exercise of August, with some dealers attributing the reduction in the big car premium to the poor economy.
The Housing & Development Board (HDB) on Wednesday launched 4,841 flats for sale under the August 2016 Build-To-Order (BTO) exercise.
The credit-rating agency said the lower returns from the two government-owned investment entities would have a limited impact on the country's fiscal position over the near to medium term.
Singapore's non-oil domestic exports (NODX) fell by 10.6 per cent in July 2016 to S$12.6 billion compared to a year ago due to the decline in electronic and non-electronic exports. The contraction was sharper than the 2.5 per cent decline expected by most economists, and the 2.4 per cent contraction in June.
DBS Bank is working with US-based Kasisto, a spin-off from SRI International - the brains behind Apple's voice assistant Siri - to enable customers to bank from their preferred mobile messaging application by year-end.
Swiss private bank Falcon has been blocked from taking on new business in Singapore by the Monetary Authority of Singapore (MAS), Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained.
Singapore Post's (SingPost) former chief executive officer Wolfgang Baier has joined beauty company Luxasia Group.
The STI Today
Singapore shares closed lower with the key Straits Times Index falling 15.5 points or 0.5 per cent to end the day at 2,843.35.