Legislative changes to enhance Singapore as trusted international financial centre
SINGAPORE'S Ministry of Law (MinLaw) submitted the Trustees (Amendment) Bill 2017 for First Reading in Parliament on Tuesday which affirms its commitment to international standards and global efforts in countering money laundering, terrorism financing and tax evasion.
Mindef's Internet system breached, data of 850 servicemen and employees stolen
In a statement on Tuesday afternoon, Mindef said that no classified military information is stored on its I-net system.
SMRT Trains fined S$400,000 for safety lapses in 2016 incident
SMRT Trains Ltd was slapped with a record fine of S$400,000 on Tuesday for failure to take necessary measures to ensure the safety and health of its employees who had to access the train tracks during traffic hours.
Singapore Jan bank lending slows for the first time 4 months
Loans and advances by domestic banking units in the city-state amounted to S$617.1 billion last month, easing from S$617.3 billion in December.
Malaysia, Saudi Arabia firms sign over RM9b worth of deals
The deals, valued at RM9.74 billion (S$3.07 billion), will cover joint ventures and cooperation in several sectors including oil and gas, Islamic finance, shariah compliant products, the halal industy and manufacturing.
DC rates raised for non-landed residential, commercial and hotel/hospital uses
DC rates remained unchanged for landed residential, place of worship/civic and community institution, and other use groups.
- Hong Leong Asia FY2016 loss deepens 17% to S$71.3m
- Wheelock Properties makes S$16.4m Q4 loss as properties revalued downwards
- Nam Cheong Q4 losses narrow to RM5.6m
- GSH posts S$3.3m loss for Q4 on lower revenue
The STI Today
Singapore stocks finish weaker, STI drops below 3,100 in highest volume of the year
ON the last day of the month the Straits Times Index on Tuesday fell 12.01 points to 3,096.61, very much within expectations as markets wait to hear US President Donald Trump's address to Congress.