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Daily Debrief: What Happened Today
Singapore will streamline regulation to strengthen consumer protection as it moves towards an electronic payments society, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
HetNet will allow M1's customers to surf, without disruption, at high speeds with a peak download speed of more than 1 Gbps by 2017. This is up sharply from the current peak speed of 450Mbps.
Malaysia's MyHSR Corporation and Singapore's Land Transport Authority (LTA) will call a joint tender on Aug 22 to appoint a joint development partner to assist in the development of the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
Singapore companies trying to cash in on the euphoria over local swimmer Joseph Schooling's Olympic gold medal have been told to stop unauthorised commercial campaigns.
Singapore's consumer price index (CPI) is expected to show an annual decline for a 21st straight month in July, a Reuters poll showed, but some analysts say prices may have bottomed out and the index could return to positive territory by the year-end.
Hoe Leong Corp has said it has the financial resources to pay a US$920,000 sum owed to Otto Marine and that it can continue on a going concern basis.
The STI Today
Shares in the local bourse rose with the key Straits Times Index adding 7.04 points or 0.3 per cent to finish at 2,844.02 on Friday.