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Daily Debrief: What Happened Today
Parliamentary Sitting on 38 Oxley Road
Prime Minister Lee Hsien Loong said that Singaporeans can see that there has been no abuse of power by either him or the government. He also questioned the need for a Select Committee or Commission of Inquiry (COI) to be set up, given that the debate in Parliament over the past two days has produced no evidence of abuse of power.
- "I did not deceive my father": PM Lee
- Parliament has to clear PM over allegations or censure him: ESM Goh
- Allegations over ministerial committee, abuse of power should be put to rest: DPM Teo
- Low Thia Khiang: Investigation needed to clear PM over Oxley Road allegations
Singapore Airlines (SIA) has launched a new loyalty programme that is aimed at benefiting smaller companies and their employees at the same time.
A new company specialising in cyber, technology and financial lines has joined the flurry of insurtech activities that have started picking up in the Singapore insurance scene.Delta Insurance Singapore is the first such Lloyd's coverholder - a distribution model - in Singapore underwriting such businesses.
Olam International on Tuesday announced that it has priced S$300 million of subordinated perpetual securities under its US$5 billion Euro Medium Term Note Programme.
Malaysia's central bank said on Tuesday that foreign shareholders of local insurers must honour their commitment in maintaining specified levels of domestic shareholding.
Opec's crude production rose to the highest this year in June as member nations exempt from output curbs pumped more.
The STI Today
The closure of Wall Street for the July 4 celebrations meant the local market on Tuesday had to rely on Hong Kong for direction. As a result, with the Hang Seng Index sliding 1.5 per cent, its largest one-day fall so far this year, the Straits Times Index (STI) finished a largely forgettable session, nursing a 12.29 points loss at 3,211.17.