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Daily Debrief: What Happened Today
The Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise.
The Monetary Authority of Singapore (MAS) announced on Tuesday that it would be relaxing some of its rules this year to strengthen the resilience of finance companies, so that they can provide more funding to small and medium sized enterprises (SMEs).
Singapore's life insurance industry grew on all fronts in the fourth quarter of last year, despite a tough macro-economic environment, data on Tuesday showed.
Visitor arrivals and tourism receipts to Singapore hit record highs in 2016, with arrivals growing 7.7 per cent to 16.4 million and receipts expanding 13.9 per cent to S$24.8 billion.
Government Technology Agency (GovTech) owned Assurity Trusted Solutions on Tuesday signed an agreement with V-Key, a leading player in digital mobile security solutions, to deliver a new form of authentication via V-Key's mobile soft token application called V-Tap.
The first month of 2017 saw a continued momentum in the high-end residential property segment, with resale prices in the Core Central Region (CCR) making a 1.9 per cent rise from a month ago and 2.7 per cent increase from a year ago, based on SRX Property estimates.
Property heavyweight City Developments Limited (CDL) through its fully-owned subsidiary, CDL China, has entered into an equity transfer agreement to buy a prime Shanghai office project for a total transaction value of 900 million yuan (S$186 million).
- OCBC posts 18% drop in Q4 profit
- CRT's Q2 DPU up 5.2% from year-ago restated DPU thanks to acquisitions
- AusGroup inks A$1.1m profit for Q2, sees return to profitability continuing
- Parkson Retail Asia in the red in Q2
- Lum Chang's quarterly earnings drop 55%
The STI Today
US President Donald Trump's promise of a "phenomenal" tax plan may have driven Wall Street to new highs on Monday but here, a bank selloff on Tuesday after OCBC reported its latest results, led to a 39.16 points or 1.3 per cent loss for the Straits Times Index at 3,072.47, its biggest single-day drop of 2017.