Daily Debrief: What Happened Today

Published Thu, Jul 8, 2021 · 06:30 PM

Stories that you might have missed

MAS taskforce to make clear the liability held by consumers, financial firms in e-payment scams

THE Monetary Authority of Singapore (MAS) is working with banks and key payment players to provide "fair, clear and consistent approaches" for liability apportionment for fraudulent e-payment transactions, said Minister of State for Home Affairs Desmond Tan.

HDB resale prices rise in June with 19 million-dollar flats sold

THE Housing Board resale market bounced back quickly last month with prices continuing to climb and more flats changing hands as tightened Covid-19 measures were eased.

Cash-rich Singapore Airlines aims for regional dominance as rivals pull back

SINGAPORE Airlines, flush with US$16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its South-east Asian rivals as they downsize and restructure.

Hin Leong's Ocean Tankers close US$36m sale of lube assets to India's Hinduja unit

SINGAPORE'S debt-hit Ocean Tankers, once one of Asia's largest vessel operators, has wrapped up the US$36 million sale of its lubricant blending plant and storage facilities in Tuas to Gulf Oil International, a unit of Indian conglomerate Hinduja Group.

Umno withdraws support for Muhyiddin; calls on PM to resign

MALAYSIA'S biggest political party and key ally in the ruling coalition withdrew support for Prime Minister Muhyiddin Yassin late on Wednesday and called on him to resign for failing to manage the Covid-19 pandemic.

The STI Today

Singapore and regional markets extend losses; STI down 1.08%

ASIAN stocks extended their losses on Thursday, bucking the trend of the overnight rally on Wall Street.

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