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Daily Debrief: What Happened Today
Singapore's resident unemployment rates for most age and education groups were higher in the first quarter of this year compared to a year ago, according to figures released by the Ministry of Manpower (MOM) on Tuesday.
New player Singapore Life on Tuesday said it has been approved as a fully licensed direct life insurer by the Monetary Authority of Singapore (MAS), making it the first local insurer to be licensed since 1970.
Resale prices of non-landed private homes in Singapore rose 0.4 per cent in May, led by improvements in the prime and city-fringe regions, flash estimates from SRX Property show.
Deutsche Bank Wealth Management said on Tuesday it plans to hire 50 new bankers in Asia-Pacific, and boost investments in digital technology.
The pound wallowed around two-month lows Tuesday, unable to bounce back from last week's shock election that saw Britain's ruling Conservatives lose their majority, throwing the country into uncertainty, days before key Brexit talks.
Mainboard-listed engineering company Boustead Singapore said on Tuesday that its geo-spatial unit Esri Singapore has launched a startup programme aimed at helping emerging businesses develop sustainable Smart Nation solutions.
The STI Today
Large rebounds in the three bank stocks and a firm day for the Dow futures on Tuesday helped the Straits Times Index (STI) post a 9.18 points rise to 3,257.52. The broad market followed with 248 rises versus 186 falls, excluding warrants, but turnover was below average at 1.9 billion units worth S$999.4 million.