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Singapore Wrap Thursday
In a bid to make the trading of over-the-counter (OTC) derivatives safer, the Monetary Authority of Singapore (MAS) proposed on Thursday to impose margin requirements on nearly all OTC derivatives that are not cleared by a qualifying central counterparty.
Prices of resale Housing Board (HDB) flats declined at a slower pace compared with previous quarters, preliminary data shows.
GIC has entered into a joint venture with US-listed retail real estate investment trust (Reit) Macerich to invest in a 40 per cent interest in five retail assets in the US.
Directors from four listed companies received warnings after the Accounting and Corporate Regulatory Authority (Acra) reviewed 49 financial statements for fiscal 2013, the regulator announced on Thursday.
Overall prompt payments reached a one-year high in the third quarter of this year, data from Singapore Commercial Credit Bureau on Thursday showed. Slow payments have also reached its lowest since the first quarter of 2014.
The STI today
After falling for five straight sessions, the Straits Times Index on Thursday managed a second consecutive rise, albeit in thin volume due to the closure of the Hong Kong and China markets for National Day.