Daily Debrief: What Happened Today

Stories you might have missed

Singapore manufacturing PMI at 50 in August, slightly short of Asean's 50.3

https://www.businesstimes.com.sg/government-economy/singapore-manufacturing-pmi-at-50-in-august-slightly-short-of-

aseans-503

Conditions in Singapore's manufacturing sector in August, though unchanged from the previous month, marked a seven-month high. But marginal improvement was seen in Asean's manufacturing sector, financial information services provider IHS Markit said in a release on Thursday.

MAS adjusts TDSR rules for refinancing; cooling measures to remain

https://www.businesstimes.com.sg/real-estate/mas-adjusts-tdsr-rules-for-refinancing-cooling-measures-to-remain

The Monetary Authority of Singapore (MAS) on Thursday refined rules behind the total debt servicing ratio (TDSR) framework that would allow overleveraged borrowers to refinance their housing loans, subject to a prescribed debt restructuring plan.

Singapore to launch corporate digital identity CorpPass on Sept 15

https://www.businesstimes.com.sg/government-economy/singapore-to-launch-corporate-digital-identity-corppass-on-sept-15

Businesses in Singapore will soon be able to use a corporate digital identity to transact with government agencies online.

Singapore Court sentences 2 execs to jail for money laundering

https://www.businesstimes.com.sg/banking-finance/singapore-court-sentences-2-execs-to-jail-for-money-laundering

The Singapore Court has sentenced two senior executives to prison for money laundering offences surrounding a community college project in Papua New Guinea.

UOB's US$600m 2.88% notes 7.3 times subscribed

https://www.businesstimes.com.sg/companies-markets/uobs-us600m-288-notes-73-times-subscribed

United Overseas Bank Limited (UOB) said on Thursday morning that it will issue US$600 million of subordinated notes due 2027 and callable in 2022, priced at 2.88 per cent.

Kickstarter platform debuts in Singapore, Hong Kong

https://www.businesstimes.com.sg/technology/kickstarter-platform-debuts-in-singapore-hong-kong

Kickstarter, the platform that popularised crowdfunding, was launched in Singapore and Hong Kong on Wednesday.

The STI Today

Singapore shares close weaker ahead of Friday's US jobs report

https://www.businesstimes.com.sg/stocks/singapore-shares-close-weaker-ahead-of-fridays-us-jobs-report

The Straits Times Index (STI) on Thursday initially rebounded from three straight days of falls by gaining as much as 12 points, though the thin volume didn't lend much confidence to the bounce's sustainability.