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Daily Debrief: What Happened Today
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TAKING the cue from Wall Street's selloff on Friday, Singapore shares posted sharp declines in Monday's session with the Straits Times Index (STI) slipping 29.18 points or 0.9 per cent to close at 3,182.92.
SINGAPORE prosecutors opened the trial for Malaysian businessman John Soh Chee Wen and former Ipco International chief executive Quah Su-Ling on Monday, accusing the pair of masterminding a massive stock manipulation scheme that collapsed in the penny stock crash of October 2013.
The SBF-DP SME Index has edged down from 50.7 to 50.4 this quarter - declining for the fourth consecutive quarter - in a nod to softening business sentiment and increased wariness among SMEs.
THERE were no surprises from Singapore’s headline inflation in February, with consumer prices up by 0.5 per cent year on year - a tick above the 0.4 per cent growth notched the month before.
BANK of Singapore (BOS), a private banking subsidiary of OCBC Bank, has hired veteran banker Richard Hu as its market head for the Greater China region, which includes China, Taiwan and Hong Kong.
The STI today
THE Straits Times Index (STI) slipped 29.18 points or 0.9 per cent to close at 3,182.92.