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Daily Debrief: What Happened Today

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DBS/POSB Bank has launched its video teller machines (VTMs) at nine locations in Singapore, in a first of its kind here, it said in a press release issued on Tuesday.

DBS/POSB introduces video teller machines at 9 locations 

THE VTMs provide round-the-clock branch banking services to customers, with the option of "face-to-face" assistance from bank tellers via live-video streaming.

Broker's take: Bernstein says OCBC is very well positioned, pegs target price at S$10.95/shr
OVERSEA-Chinese Banking Corp (OCBC) is very well positioned to ride the major growth trends in the region, investment house Sanford C. Bernstein said in its freshly published report on the Singapore bank on Tuesday.

Market voices on:

Singapore developing 2 new digital platforms for maritime sector
TWO new platforms are being developed to help ensure Singapore's maritime sector is ready for digital transformation. 

Credit quality of Singapore firms largely unchanged over the past year: SCCB
THE bureau, which operates a database of local enterprises and their credit history, said most maintained unchanged credit ratings, or financial strength and risk indicators.

JTC puts up Tuas South Link 3 site for sale 
THE 0.43ha plot is zoned for Business-2 development, which is typically for heavy industrial use. It has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Tender closes at 11am on June 20, 2017.

Singapore O&G proposes splitting one existing share into two
Upon completion of the proposed share split, the company shall have an issued and paid-up share capital of S$29.6 million, comprising an enlarged 476.8 million shares.

Corporate Earnings

The STI Today

Singapore stocks finish higher in line with Western markets' 'relief rally' 
THE relief rally that engulfed Western markets on Monday after France's first-round presidential election produced no shocks spread to this region on Tuesday, pushing the Straits Times Index 19.9 points up to 3,163.93.