Daily Debrief: What Happened Today

Singapore banks to gain from property cooling measures: Moody's SINGAPORE banks are expected to benefit from property cooling measures which kicked in on July 6, which will reduce speculative demand for residential properties and increase banks' buffers "if and when property prices fall significantly", ratings agency Moody's said on Monday.

Parliament

StanChart Singapore names Patrick Lee as its new CEO THE 46-year-old will be based in Singapore and will report to Judy Hsu, regional CEO, Asean and South Asia.

The STI today

Singapore shares up 1.2% on Monday SINGAPORE shares closed higher on Monday, with the Straits Times Index (STI) up 1.2 per cent or 37 points to 3,228.82, and above the psychological 3,200 support level.