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Daily Debrief: What Happened Today

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Minister for Education and MAS board member Ong Ye Kung buying coffee using the Singapore Quick Response Code (SGQR) at its launch on Monday.

Singapore launches unified payment QR code, said to be world's first
KNOWN as the Singapore Quick Response Code (SGQR), it combines multiple payment QR codes into a single label and aims to make QR code-based mobile payments simpler for both consumers and merchants.

New private home sales fall 64% in August from July on cooling measures, Hungry Ghost Festival
The decline comes on the back of a double whammy of property cooling measures that took effect on July 6 and the Hungry Ghost Festival in August when some would avoid entering into property deals. 

Singapore non-oil exports growth eases in August to 5%; beat forecasts
GROWTH of non-oil domestic exports (NODX) eased in August but still beat forecasts, with a year-on-year rise of 5 per cent following July's unexpectedly high 11 per cent expansion, according to Enterprise Singapore data released on Monday. 

CapitaLand invests US$26m for 70% stake in Indonesia hotel operator
THE investment in GOHM, which is the holding company of TAUZIA, one of Indonesia's top five hotel operators, is part of CapitaLand's strategy to grow its hospitality business through The Ascott Limited, its wholly owned serviced residence business unit.

Market voices on:

Fintech firms to get access to Singapore's real-time payment system
SINGAPORE will open up its real-time and round-the-clock payment system - known as FAST - to financial technology (fintech) firms to broaden access to various payments players, said Minister for Education Ong Ye Kung on Monday.

Singapore-listed equity offerings up 6.1% year-to-date, strongest since 2014
THIS was driven by follow-on offerings in Singapore stock exchanges that raised US$3.3 billion in proceeds so far this year, up 130.3 per cent from a year ago, according to Thomson Reuters data. 

Grange Heights and Cairnhill Astoria near Orchard Road to take another stab at en bloc sale
They are Grange Heights in St Thomas Walk, which will be up for public tender for S$820 million, and Cairnhill Astoria in Cairnhill Rise, which relaunches with a S$196 million asking price.

The STI today

Singapore shares close 0.6% down on Monday
SINGAPORE stocks ended 0.6 per cent lower on Monday, with the Straits Times Index shedding 20.02 points to 3,141.40.