Daily Debrief: What Happened Today
Stories you might have missed
SGX to hive off regulatory functions with new unit; MAS to continue to regulate SGX
SINGAPORE Exchange (SGX) announced on Monday it is separating its regulatory functions by establishing a subsidiary (RegCo) with a separate board to carry out these functions, in a move that the Monetary Authority of Singapore (MAS) said would strengthen SGX's role as a self-regulatory organisation (SRO).
Temasek said to weigh buyout of Singapore subway operator SMRT
[SINGAPORE] Singapore state investment company Temasek Holdings Pte Ltd is considering a buyout offer for SMRT Corp, the city-state's biggest subway operator, a person with knowledge of the matter said.
Singapore's non-oil domestic exports down 2.3% in June
Singapore's non-oil domestic exports (NODX) fell 2.3 per cent year on year in June due to a decline in both electronic and non-electronic NODX, after rising 11.6 per cent in May.
Singapore launches talks for free trade deal with Sri Lanka
[SINGAPORE] Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, Singapore's trade minister said on Monday.
OCBC merges 2 banking units in China to form OCBC Wing Hang China
OCBC Bank said on Monday it has merged its two subsidiaries in China - OCBC Bank (China) and Wing Hang Bank (China) Limited - to form OCBC Wing Hang Bank (China) Limited.
ICICI Pru Life files for India's biggest IPO in six years
[MUMBAI] India's ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about US$745 million in the biggest local IPO in six years.
The STI Today
THE Straits Times Index (STI) kicked off the week with a 3.41 point rise to 2,928.76 on Monday, probably influenced by rises in Hong Kong and the Dow futures.
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International
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire
Private credit faces pain from high interest rates, Moody’s says
BOE postpones Long-Term Repo Operation due to tech issues