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Daily Debrief: What Happened Today
Payment delays, notably in the construction sector, have worsened over the year, according to the Singapore Commercial Credit Bureau (SCCB)'s latest payment statistics released on Monday.
Flash estimates released by the Urban Redevelopment Authority (URA) for the private residential property price index on Monday showed a 1.5 per cent decline for the third quarter of 2016. This compares with a 0.4 per cent decline in the second quarter.
This is the second straight quarter that HDB resale prices have stayed flat, in what is seen as a sign of continued stabilisation of the public housing market.
Rigbuilder and property conglomerate Keppel Corporation has admitted that a former Brazil agent might have engaged in illegal activity.
ExxonMobil confirmed on Monday a collaboration with Pavilion Energy Pte Ltd to develop solutions for liquefied natural gas (LNG) bunkering and other downstream projects in Singapore.
The STI Today
Trading on Monday was mainly cautious as traders waited for further developments surrounding the fate of Deutsche Bank. However a firm opening of Europe in the late afternoon which led to a 20-point rise in the Dow futures helped the Straits Times Index to a 1.37-point gain at 2,870.84.