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Singapore Wrap Wednesday
The weak electrical resistance of the third rail insulator has been determined to be the root cause of the massive train breakdown on July 7, 2015.
DBS Bank began marketing Singapore's first offering of US dollar benchmark covered bonds of three years at an initial price guidance of around 40bp over mid-swaps.
A ratification of the free trade agreement between Singapore and the European Union would signal that the EU is "open for business", and encourage an Asean-EU FTA deal, said Prime Minister Lee Hsien Loong on Wednesday.
Singapore is primed to lead the way in the digital revolution in the insurance industry in Asia. This follows an agreement announced on Wednesday morning, between the British government, the Monetary Authority of Singapore and British insurer Aviva, to collaborate and promote digital innovation initiatives in insurance, here and across Asia.
- Sembmarine posts 17% drop in Q2 earnings
- Singapore Exchange's Q4 profit jumps 24.3% to S$96.22m
- SingPost's Q1 net profit up 15.8%, boosted by one-off gains
- CDL Hospitality Trusts posts Q2 DPSS of 2.25 cents, down 10%
- AIMS AMP Reit's Q1 DPU up 7.8% to 2.75 cents
The STI Today
The local market finished 0.09 per cent higher on Wednesday with the Straits Times Index moving up 2.91 points to 3,284 as markets awaited hints from the ongoing US Federal Reserve meeting that rates will rise in September.