Daily Debrief: What Happened Today
Stories you might have missed
Singapore among top performers in new ADB regional integration measure
Singapore is among the top performers in the Asia-Pacific Regional Cooperation and Integration Index, a new measure of the progress of regional cooperation and integration in the region.
Singapore partners Hong Kong to boost fintech development
Fintech ties between Singapore and Hong Kong have been given a shot in the arm with a new agreement which promises to strengthen cooperation and boost innovation in financial technology (fintech) between the two financial centres.
Singapore needs to be on guard for inflation pickup: Ravi Menon
Singapore's central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures.
Singapore passport 'most powerful' in the world: Passport Index
With Paraguay removing its visa requirements for Singaporeans, Singapore now has a visa-free score of 159, making it the most powerful passport worldwide according to the Passport Index.
Pavilion Gas and Shell Trading now able to bring in LNG cargoes with award of licence
Pavilion Gas and Shell Trading have received licences from the Energy Market Authority to bring in their liquefied natural gas (LNG) cargoes into Singapore.
Keppel-KBS US Reit prices IPO at 88 US cents per unit
Keppel-KBS US Reit, sponsored jointly by Keppel Capital and KBS Pacific Advisors, is issuing 262.77 million units at US$0.88 apiece in an initial public offering (IPO).
SGX queries Hong Leong Asia's recent 16.8% share price climb
Hong Leong Asia Limited's recent climb in share price has prompted a query by the Singapore Exchange (SGX) on Wednesday.
OCBC plans research push into rival market Hong Kong
Singapore's second-largest lender has decided that the best place to expand its research is the country's rival market Hong Kong. Oversea-Chinese Banking Corp plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end, according to Carmen Lee, its head of research.
Corporate Earnings
The STI Today
Singapore shares close 0.3% higher
Share prices in the Singapore bourse closed higher on Wednesday with the benchmark Straits Times Index gaining 9.21 points or 0.3 per cent to finish at 3,343.88.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year