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Daily Debrief: What Happened Today
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"IN the short run, the impact is not fully felt yet," with Singapore retaining its growth forecast for this year at 2.5 per cent to 3.5 per cent, Finance Minister Heng Swee Keat said in an interview on Friday.
THE bank now expects new mortgage bookings to end at S$2.5 billion for the year, slashing its property loan growth forcecast for 2018 more deeply by S$1.5 billion.
THE Monetary Authority of Singapore (MAS) and Bank Indonesia (BI) on Monday announced they have established a US$10 billion bilateral financial arrangement to enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability.
GREAT Eastern Holdings (GEH) on Monday said that it is in discussions with the Malaysian authorities on possible options to enable its unit, Great Eastern Life Assurance (Malaysia) Berhad (GELM), to satisfy prevailing foreign ownership requirements applicable to insurance companies in Malaysia.
Through the MOU with the non-profit ZJEA, the Singapore Exchange (SGX) hopes to "foster greater collaboration in developing Singapore capital market opportunities for China enterprises", it said.
She hands the reins over on Dec 6 to Manjot Singh Mann, the regional CEO for Nasdaq-listed cloud software firm Pareteum Corp, according to filings on Monday on the Singapore Exchange website.
The STI today
SHARE prices on the Singapore bourse closed lower on Monday, with the key Straits Times Index down 55.77 points, or 1.79 per cent, to 3,060.62.