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Daily Debrief: What Happened Today

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S&P Global Ratings said that it expects DBS Bank, OCBC and United Overseas Bank to maintain adequate capitalisation, sound liquidity profiles and provisioning buffers, which they had built over many years.

S&P affirms credit rating of 3 Singapore banks on sound fundamentals, stable outlook
THE credit rating agency said on Wednesday that the sound financial profiles of the three Singapore banks that it rates should buffer against further pressure on their asset quality, particularly from upstream oil and gas (O&G) exposures.

Car COE premiums fall
Category A - for cars below 1,600 cc or 130 hp - shed S$4,617 to S$46,489, while Cat B - for cars above 1,600 cc and 130 hp - was S$2,413 lower at S$53,001.


Former remisier fined S$9,000 after pleading guilty to corruption in 1MDB case
FORMER remisier Kelvin Ang was charged with corruptly paying S$3,000 to research analyst Lee Chee Waiy to expedite preparation of a favourable research report.

Market voices on:

Singapore govt to call S$2.4b of ICT tenders in current fiscal year
THE Singapore government will be calling for a projected S$2.4 billion of information and communication technology (ICT) tenders in fiscal 2017 in order to support the momentum of the country's digitalisation efforts.

Noble says not aware of Sinochem's change of heart over deal
NOBLE Group Limited whose stock price suffered a whiplash on Tuesday morning before it requested a trading halt, was responding to queries by the Singapore Exchange on whether it was aware of any information that could explain the unusual price movements in its shares.

Corporate Earnings

The STI Today

Singapore shares finish higher in low volume
THE Straits Times Index on Wednesday tracked movements in overseas markets closely, first rising when the Dow futures bounced higher but sliding in the late afternoon when Europe opened in the red and the Dow futures started displaying some weakness.