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Daily Debrief: What Happened Today
MAS plans cross-border tie-ups on blockchains, e-payments; to develop 80 Robinson as fintech hub
SINGAPORE plans to work with partners in Hong Kong and Canada in developing the use of blockchain technology, the Monetary Authority of Singapore (MAS) announced on Tuesday.
City-fringe resale condo, private apartment prices touch new high in October: SRX
SRX Property said on Tuesday that its flash estimates for October 2017 showed that resale prices for non-landed private homes in the city fringe or Rest of Central Region (RCR) have reached a new high since property cooling measures were implemented.
Noble to include Noble Petro in sale of US oil liquids unit; keeps Moody's Caa3 rating
NOBLE Group said on Tuesday it has agreed to include equity interest in Noble Petro in its proposed sale of wholly owned subsidiary Noble Americas Corp (NAC) to rival Vitol US Holding Co, rather than sell this stake to a third party.
Consortium shares blockchain models' source codes to spur innovation in inter-bank payments
A FINANCIAL industry consortium that developed three different blockchain models for inter-bank payments has publicly released these prototypes' source codes.
FS-ISAC and MAS launch regional office in Singapore to step up fight against cybercrime
THE Financial Services Information Sharing and Analysis Center (FS-ISAC) has collaborated with the Monetary Authority of Singapore (MAS) to launch a regional centre in Singapore to fight cybercrime.
For first time, majority of latest batch of HDB BTO flats to be built using new pre-fab method
FOR the first time, the majority of BTO flats launched will be built using a new pre-fabricated method that reduces the number of workers needed at construction sites, said the Housing Board on Tuesday.
MoneyMax to buy stakes in 13 pawn brokers in Malaysia for RM56.6m
CATALIST-LISTED MoneyMax Financial Services said on Tuesday its wholly owned subsidiary, Cash Online Sdn Bhd has entered into an agreement with CMS Top Holdings Sdn Bhd and four individuals to purchase interests in 13 pawn brokers in Malaysia for RM56.6 million (S$18.3 million) in cash. It plans to fund the acquisitions through internal resources.
- Golden Agri Q3 profit drops 80.1% to US$43.7m on FX losses, lack of tax credit
- Bumitama Q3 profit up 29% on improved palm production, palm oil prices
- Delfi's profit falls 44% for Q3
- SunMoon Food posts narrower loss of S$417,000 for Q2
- Sarine falls to net loss of US$530,000 in Q3 on surplus of diamonds in market
- ISEC Healthcare Q3 profit up 30% on increased patient visits, clinics contributions
The STI Today
Singapore shares lose 20 points as Asian markets remain weak
ASIAN stock markets remained weak for another day on the back of growing concerns that the already delayed US tax cuts could be further pushed back and sluggish Chinese data.