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Daily Debrief: What Happened Today

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PropNex CEO Ismail Gafoor (left) told reporters on Monday that a memorandum of understanding was inked on Saturday. There is no dollar value pegged to the strategic partnership as agents are full-commissioned associates who are free to decide whether to join PropNex or another agency.

PropNex merges with DWG to form Singapore's largest property agency

Propnex Realty is merging with Dennis Wee Group in a significant move that will turn the combined entity into Singapore's largest property agency with close to 7,000 salespersons.

DBS, OCBC, UOB dominate Singapore's most valuable brands for 2017

The three local banks - DBS, OCBC Bank and UOB - continue to dominate Singapore's top 3 most valuable brands for 2017.

Singapore retail sales up 2.6% in April from a year ago

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Total retail sales in Singapore rose by 2.6 per cent in April compared to a year ago, buoyed by double-digit increases in sales of watches and jewellery, and petrol service station sales.

S$180m in Medisave top-ups to be given to pioneers this year

About S$180 million in Medisave top-ups will be disbursed to Singaporeans aged 68 and above in 2017, the Ministry of Finance said on Monday.

Embattled Noble receives interest for oil business: FT

Struggling commodity trader Noble Group Ltd has been approached by potential buyers for its oil business, the Financial Times newspaper reported on Monday, citing four people familiar with the matter.

China, Singapore seek to expedite RCEP trade talks

China and Singapore will do their best to expedite talks on the Regional Comprehensive Economic Partnership (RCEP), Singapore's foreign minister said, calling the potential pact a statement on the importance of free trade.

SIA to increase Paris flights to 10 a week from Oct 30

Singapore Airlines said on Monday it will increase its flight frequency to Paris, France's capital city, to 10 per week during the Northern Winter operating season (Oct 29, 2017, to March 24, 2018).

The STI Today

Singapore stocks finish weaker as geopolitical risk rises

The local stock market kicked off the week on a soft note, chalking up 169 rises versus 297 falls, excluding warrants.

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