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Daily Debrief: What Happened Today

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October just got rockier for stock watchers in Singapore, as the market plunged Thursday morning after a US equity rout overnight.

Stories you might have missed

One-third of Singapore index stocks touch 52-week lows as STI sinks below 3,000 level

OCTOBER just got rockier for stock watchers in Singapore, as the market plunged Thursday morning after a US equity rout overnight.


 

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Grab deal to give Mastercards to millions without bank accounts

Singapore-based Grab has partnered payments processor Mastercard Inc to issue prepaid cards tailored to Southeast Asian consumers, extending the use of Grab's digital wallet and helping its unbanked users transact online.


Singapore's asset management industry clocks strong growth; AUM up 19% to S$3.3 trillion in 2017

Asset managers continue to view Singapore as a conducive place to conduct portfolio management activity, the Monetary Authority of Singapore (MAS) said in its annual Asset Management Survey.


Uber's Lion City Rentals rebrands to also attract casual drivers

To attract new drivers, Lion City Rentals is banking on low upfront charges, more flexible car rental terms, rebates and a new loyalty scheme for top hirers, amongst other incentives.


 

Industry veteran Edmund Koh named first Singaporean president of UBS Asia Pacific

HE also joins the group executive board (GEB) of UBS Group AG, with both positions effective Jan 1, 2019.


Prices, rents of Singapore industrial space relatively stable in Q3: JTC

PRICES and rentals of industrial space remained relatively stable in the third quarter of this year as industrial prices edged up 0.1 per cent from the previous quarter, while industrial rents slipped 0.1 per cent, JTC's latest report showed.


DBS unveils chatbot for ordering, paying for meals through Facebook Messenger

KNOWN as Foodster, it is slated to be the first such retail chatbot led by a South-east Asian bank. It has already been trialed and adopted by seven food and beverage merchants in Marina Bay, which include Gemstar, Kopi Ong, Local Coffee People, NUDE Seafood, Old Tea Hut and Omnivore.


Corporate earnings


The STI today

Singapore shares close 0.6% down on Thursday

SINGAPORE stocks pared back the afternoon's losses to finish 0.6 per cent lower on Thursday, with the Straits Times Index retreating 19.24 points to 3,012.84.