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Daily Debrief: What Happened Today
Singapore's white-collar crimebusters have come knocking on the doors of Swiber Holdings.
The board of National Kidney Foundation (NKF) has terminated its chief executive officer Edmund Kwok, while maintaining that its management of finances has not been affected.
The Monetary Authority of Singapore (MAS) has published guidelines for financial institutions and other players looking to enter a regulatory space that allows them to try out new financial technology (fintech) services on a limited scale.
Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state's central bank.
Malaysia's central bank is asking foreign banks to make a written commitment to refrain from trading the ringgit in the offshore non-deliverable forwards market in its latest move to protect a weakening currency, banking sources said.
The STI Today
An almost 6 per cent jump in oil prices on Tuesday helped push the Straits Times Index up nearly 20 points during the day but by late afternoon, a reversal in the Dow futures and a weak opening for Europe brought the index down to 2,793.99, a net loss of 3.56 points.