Daily Debrief: What Happened Today

Update: UOB's non-performing loan ratio could rise to 2% if oil prices stay lower longer

United Overseas Bank (UOB) could see its non-performing loan ratio rise to 2 per cent if oil prices stay lower longer. Of its S$12 billion exposure to the oil and gas sector, S$2 billion is vulnerable, said Wee Ee Cheong, UOB deputy chairman and chief executive.

MAS has achieved credibility over 45 years: Tharman

Credibility - that is what the Monetary Authority of Singapore (MAS) has achieved in its 45 years of existence, said Deputy Prime Minister and MAS chairman Tharman Shanmugaratnam on Tuesday.

Sembcorp Marine surges on talk of potential privatisation

Sembcorp Marine Ltd, which posted its first loss in more than a decade in the fourth quarter, saw its shares jump by the most in nearly a month amid talk that the company could be taken private.

NTUC urges financial-sector PMEs to stay ready, resilient and relevant

A senior National Trades Union Congress (NTUC) figure has expressed concern for Singapore's financial sector, which has seen a "worrying" trend of foreign banks laying off their employees.

Oxley to launch hotel, serviced residence in KL under So Sofitel brand

Real estate developer Oxley Holdings will launch a 207-room hotel and a 590-key serviced residence in Kuala Lumpur.

Singapore's third law school's first intake from Jan 2017

Singapore's third law school, focusing on criminal and family law, will take in its first batch of 50 to 60 students from January 2017.

Corporate Earnings

The STI Today

Singapore shares end higher on gains in oil, and HK, China markets

The Straits Times Index on Tuesday jumped 36.68 points or 1.4 per cent to 2,644.58 in line with gains in Hong Kong, China, the Dow futures and a rise in oil to above US$30 per barrel. Turnover was a robust 1.1 billion units worth S$1.44 billion, with an advance-decline score of 262-132 excluding warrants.