Daily Debrief: What Happened Today
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Singapore to focus on digital economy, trade facilitation as Asean chair in 2018 SINGAPORE will pursue a set of tangible deliverables that aim to deepen regional connectivity, and position Asean as a region fo SINGAPORE will pursue a set of tangible deliverables that aim to deepen regional connectivity, and position Asean as a region for seamless economic activity as the Republic take on Asean chairmanship in 2018.
Singapore July retail sales up 1.8% y-o-y RETAIL sales in July showed modest signs of recovery as it notched gains year on year (y-o-y), a conti RETAIL sales in July showed modest signs of recovery as it notched gains year on year (y-o-y), a continuation of the upward trend seen in June.
Private condo resale prices up 0.7% in August, volumes up 19.2%: SRX Property NON-LANDED private residential resale prices inched up 0.7 per cent in August from July, led by the prime and suNON-LANDED private residential resale prices inched up 0.7 per cent in August from July, led by the prime and suburban regions, and accompanied by a monthly increase in transaction volumes.
GIC-backed Bandhan is said to select banks for 50b rupee IPO Bandhan Bank, the first Indian microfinance lender to get a banking permit, has picked arrangers for an initial public offering that could raise at least 50 billion rupees Bandhan Bank, the first Indian microfinance lender to get a banking permit, has picked arrangers for an initial public offering that could raise at least 50 billion rupees (S$1.05 billion), people with knowledge of the matter said.
China jails 26 over US$7.6b Ponzi scheme TWO senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Pon TWO senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.
The STI Today
Singapore stocks finish higher in quiet trading ACTIVITY in local stocks remained subdued on Tuesday as traders appeared relatively u ACTIVITY in local stocks remained subdued on Tuesday as traders appeared relatively unexcited by Wall Street's all-time Monday high.
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International
Philippines’ Recto sees rate-cut delay risk if peso sinks to 59
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising