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Daily Debrief: What Happened Today
Companies listed in Singapore will have to take a more serious look at director independence, if rule changes suggested by the Corporate Governance Council on Tuesday are implemented.
- Quick takes: Proposed changes to Singapore's Corporate Governance Code in line with other developed jurisdictions
Singapore and Malaysia celebrated another milestone in their longstanding bilateral relationship when the two countries inked an agreement for the new Rapid Transit System (RTS) Link.
Payment performance of local firms improved from an all-time low in 2016, with the annual average proportion of prompt payments rising from 43.77 per cent to 48.40 per cent in 2017.
Budget 2018 should give companies more support to go digital, said KPMG. This could mean more flexible manpower policies, as well as enhancing tax deductions for digital skills training.
Inflation expectations in Singapore stayed tame as geopolitical uncertainties cooled the euphoria from global economic growth, a survey by the Singapore Management University (SMU) showed on Tuesday.
Singapore continued to slide down the list of most expensive places in Asia for mid-market rentals, according to a survey by ECA International. The country is now ranked eighth, down one notch from the previous year. In 2016, Singapore was placed fourth.
Urban solutions provider Ascendas-Singbridge and its joint venture partner, Saigon Bund Capital Partners, on Tuesday announced that construction works for an office tower in Ho Chi Minh City's first fully integrated business park has begun.
The STI Today
Singapore shares continued their winning streak on Tuesday, with the benchmark Straits Times Index (STI) climbing 13.8 points, or 0.39 per cent, to 3,550.21.