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Daily Debrief: What Happened Today
The Monetary Authority of Singapore is reviewing its regulatory regime for venture capital (VC) managers to get more of them in Singapore as part of the nationwide innovation drive.
At the same time, it is too early to aggressively add risk, James Cheo, investment strategist at Bank of Singapore, said on Thursday.
The Commercial Affairs Department said on Thursday it is investigating elusive Malaysin tycoon Jho Low, his close business associate Eric Tan Kim Loong, and Mohamed Badawy Al Husseiny in relation to the money laundering operation linked to scandal-hit Malaysian state fund 1MDB.
DBS Group Research has a buy call on CapitaLand after the property group posted a robust set of earnings for its third quarter 2016 amid portfolio-wide improvement.
Throngs of demonstrators held marches across the United States on Wednesday to protest Republican Donald Trump's surprise victory in the US presidential election, blasting his campaign rhetoric about immigrants, Muslims and other groups.
- Singtel's Q2 net profit falls 5.6% without Airtel's exceptional gains seen a year ago
- ST Engineering Q3 profit drops 42.5%
- CityDev posts 60% surge in net profit, to speed up diversification initiatives
- Far East H-Trust's DPS in Q3 falls 6.7%
- Nam Cheong's Q3 net profit jumps 85%, boosted by forex gain
- Ezion Q3 net profit down 69%
- Ho Bee Land Q3 earnings climb on Australia project sales recognition
- Wilmar's Q3 profit jumps 46.6% to US$392m
- Noble swings into Q3 loss of US$28.11m
- The Hour Glass Q2 results hit by weaker consumer confidence
The STI Today
Wall Street's surprise rally on Wednesday in response to Donald Trump winning the US presidential election reverberated across the region on Thursday, though the reason behind it was difficult to fathom.