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Daily Debrief: What Happened Today
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THE Monetary Authority of Singapore (MAS) has released a consultation paper on creating pre-defined sandboxes called Sandbox Express, to complement the existing FinTech Regulatory Sandbox launched in 2016, the authority announced on Wednesday.
BANK of China (BOC) has launched on Nov 14 its first global fintech innovation lab in Singapore to spearhead its worldwide research and development (R&D) activities as well showcase its latest technologies.
THE much-awaited finalisation of the Asean-led Regional Comprehensive Economic Partnership (RCEP) will not materialise by the end of 2018 as initially hoped, confirmed Singapore Prime Minister Lee Hsien Loong in his opening remarks at the 2nd RCEP Summit on Wednesday.
THE Singapore Exchange (SGX) on Wednesday announced that it has signed a strategic cooperation agreement with Bank of China Limited (BOC) and China Foreign Exchange Trade System and National Interbank Funding Center (CFETS) to jointly promote the CFETS-BOC Traded Bond Index and its sub-indices outside of China to international investors.
IT said that its subsidiary Vietnam Town Property LLC had terminated the deal dated Nov 14 because the buyer failed to close the escrow for 31 of the 34 condominium units on or before Nov 13 due to a lack of resources.
THE leasing market for private non-landed homes remained soft while improving slightly for HDB flats, according to flash data from real estate portal SRX on Wednesday.
ABOUT 89 per cent of Singapore family businesses surveyed expect to grow in the next two years, compared with 84 per cent in both Asia-Pacific and globally.
- CapitaLand posts 13.6% rise in Q3 profit to S$362.2m
- ST Engineering Q3 profit up 5% to S$134.6m
- Olam Q3 profit drops 14.2% to S$20.7m
- Cromwell E-Reit posts 10-month DPU of 0.0361 euro, beats forecast
- Nam Cheong turns black in Q3 on debt revamp gain
- AusGroup Q1 earnings dive 59.1% to A$1.31m
The STI Today
SINGAPORE stocks ended 0.3 per cent lower on Wednesday, with the Straits Times Index falling 10.41 points to 3,043.19.