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Daily Debrief: What Happened Today

Stories you might have missed

DBS Bank's earnings fell 25 per cent for the third quarter from a year ago to S$802 million, as the bank almost doubled its specific provisions for bad debts.

DBS says likely all oil-and-gas provisions taken in Q3; allowances nearly doubled
DBS Bank's chief said it is likely all of the provisions required for the oil-and-gas portfolio have been taken in the third quarter.

Singapore tourism spend grows at faster pace than visitor arrivals in H1 2017
SINGAPORE'S visitor arrivals and tourism spend both grew in the first half of this year, with tourism receipts expanding by 10 per cent year on year to hit S$12.7 billion.

Market voices on:

Zero growth for car and motorcycle population will not majorly affect COE prices
THE plan to reduce the growth rate of the car and motorcycle populations to zero from February 2018 is not expected to significantly impact the Certificate of Entitlement (COE) supply and its prices, said Senior Minister of State for Transport Lam Pin Min on Monday (Nov 6) in Parliament.

High Court grants Swissco Holdings an extension of judicial management order
THE Singapore High Court last Friday granted Swissco Holdings an extension of its judicial management order to Sept 18 next year, the company's judicial managers announced on Monday.

Gold miner CNMC completes carbon-in-leach plant, expects output boost
MALAYSIAN gold miner CNMC Goldmine Holdings has completed the construction of its carbon-in-leach plant which will allow the firm to process higher-grade gold ore.

StarHub, ST Kinetics to deploy robots in hotels to automate laundry operations
STARHUB and ST Kinetics on Monday announced a partnership to introduce Aethon TUG robots to businesses for greater efficiencies and productivity.


Corporate Earnings




The STI Today

Singapore shares close with STI slightly lower
THE benchmark STI lost 0.46 point or 0.01 per cent to close at 3,381.85, mainly dragged by losses from banking stocks.