Daily Debrief: What Happened Today

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MAS to strengthen Singdollar at faster pace; expects economic growth to moderate in 2019

THE Monetary Authority of Singapore (MAS) is slightly increasing the pace of the Singapore dollar's appreciation in keeping with a "modest and gradual appreciation path... that will ensure medium-term price stability", marking the central bank's second consecutive tightening at its half-yearly monetary policy review.

Singapore Q3 GDP growth slows less than expected to 2.6% as manufacturing moderates

SINGAPORE'S economic growth grew at a slower pace of 2.6 per cent year on year in the third quarter of 2018 compared to the 4.1 per cent expansion seen in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry on Friday morning.

Singapore's know-your-customer utility experiment hits snag: MAS

THE KYC utility would have created a more efficient way of checking against sanctions and blacklists, and could have fundamentally changed the way banks labour through documents to block illicit funds out of money laundering or terrorism financing activities from being channelled through the banking system here.

Singapore housing curbs won't cool prices, says Morgan Stanley

SINGAPORE home prices may rise as much as 10 per cent by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to Morgan Stanley.

Hyflux assessing bid by one of two pre-approved parties for Tuaspring

EMBATTLED water treatment firm Hyflux Group said on Friday that only one of two parties approved by regulatory authorities has put in a bid for its Tuaspring water and power project, and that the bid is being assessed.

Singapore retail sales fall for second month in August with 0.4% dip

SINGAPORE retail sales fell for a second month in August, again on the back of lower vehicle sales, according to figures released by the Department of Statistics on Friday.

UOB said to be reviewing insurance deal with Prudential

UNITED Overseas Bank Ltd is reviewing its insurance business, including an existing partnership with Prudential Plc, after South-east Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said.

The STI Today

Singapore shares end higher on Friday after Thursday's sell-off

SHARE prices on the Singapore bourse recovered slightly from Thursday's steep sell-off to close higher on Friday, with the key Straits Times Index up 21.78 points, or 0.71 per cent, to 3,069.17.