Daily Debrief: What Happened Today

MAS clarifies regulatory position on offer of digital tokens in Singapore

The Monetary Authority of Singapore (MAS) clarified on Tuesday that the offer or issue of digital tokens in Singapore will be regulated by the central bank if the digital tokens constitute products regulated under the Securities and Futures Act (Cap. 289) (SFA).

HDB launches 5,291 flats for sale

The Housing and Development Board (HDB) launched 5,291 flats for sale on Tuesday under the August 2017 Build-To-Order (BTO) and the inaugural Re-Offer of Balance Flats (ROF) exercise.

DBS, Xero launch banking initiative for SMEs

A new arrangement to help small and medium-sized enterprises (SMEs) better manage their finances has been launched on Tuesday, DBS and cloud accounting platform Xero announced jointly.

A third of Singapore SMEs hit by ransomware last year: study

A study has found that one in three small and medium-sized enterprises (SMEs) in Singapore have experienced a ransomware attack in the last year.

Singtel, CapitaLand Mall Trust rank top in corporate governance

Corporate governance standards among Singapore-listed companies have gone up, with average scores under the Singapore Governance and Transparency Index (SGTI) hitting an all-time high.

Swiber Holdings will default on upcoming coupon payment

Beleaguered Singapore-listed offshore and marine group Swiber Holdings announced late on Monday that it will default on its upcoming coupon payment for its S$150 million 6.5 per cent trust certificates due 2018 comprising Series 001 issued under its US$500 million Multicurrency Islamic Trust Certificates Issuance Programme.

Number of fintech deals in Q2 continues to decline in Singapore: KPMG

Investment in financial technology, or fintech, in Singapore has risen in the second quarter of this year to US$61.5 million, despite a continued decline in the number of deals closed, KPMG said in its Pulse of Fintech Q2 2017 report.

The STI Today

Singapore shares finish higher thanks to oil rebound, rise in Dow futures

A rally in oil to above US$50 per barrel and a 90-point rise in the Dow futures helped stimulate trading here on Tuesday, with the Straits Times Index (STI) managing an 8.68 point rise to 3,338.2.