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Daily Debrief: What Happened Today
CapitaLand Commercial Trust (CCT) has agreed to sell Twenty Anson, a 20-storey office building in Tanjong Pagar, to an unrelated third party for S$516 million, its manager announced on Friday.
Bank lending in Singapore was flat in May from a month ago, preliminary data from the Monetary Authority of Singapore showed on Friday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$668 billion in May, 0.1 per cent up from S$667 billion a month ago.
Prudential Singapore and Standard Chartered Bank on Friday said the wrong deductions of Prudential premium charges that affected more than 20,000 Prudential Singapore customers in May were "an isolated incident arising from an introduction of a file format change that was used for premium collection on the same day".
Bike sharing operators ofo and Mobike have applied for operating licences with Singapore's Land Transport Authority (LTA), the companies said on Friday. Their applications came ahead of a July 7 deadline imposed by the Singapore regulator.
Citi joins a slew of banks in Singapore to send their staff for digital training. mAbout 400 Citi staff from the consumer banking and operations and technology divisions will begin training in the next 12 months under the professional conversion programme (PCP) to promote professional growth in a financial landscape being transformed by technology.
The National University of Singapore (NUS) and the Singapore Maritime Institute (SMI) announced on Friday the setting up of an S$18 million research centre to help Singapore's maritime and port industries to develop innovative capabilities, and enhance their global competitiveness.
Women independent directors have a direct positive effect on the financial performance of companies, according to a study conducted by the National University of Singapore (NUS) Business School.
- Pacific Radiance narrows Q1 net loss to US$12.8m
- Del Monte posts Q4 profit of US$12.3m on one-off gain
The STI Today
Singapore shares ended slightly higher on Friday, as investors took profit ahead of the uncertain weekend which will see the US Treasury announce new measures to restrict Chinese investment.