Daily Debrief: What Happened Today

MAS orders shutdown of BSI Bank in Singapore over alleged anti-money laundering lapses

The Monetary Authority of Singapore (MAS) has asked BSI Bank to shut down its merchant bank operations in Singapore over alleged breaches of anti-money laundering rules and "gross misconduct" by certain staff.

Singapore's Housing Board launches 8,940 flats for sale in May

The Housing & Development Board (HDB) of Singapore on Tuesday launched 8,940 flats for sale under the May 2016 Build-To-Order and Sale of Balance Flats exercise.

Be prepared for lower success rates for mature estate flats in May's BTO exercise: Lawrence Wong

Singapore's Minister for National Development Lawrence Wong on Tuesday sought to temper expectations for the Build-To-Order (BTO) flats in mature estates such as Ang Mo Kio and Bedok, launched in May's exercise.

Google, Temasek see South-east Asia web economy reaching US$200b

South-east Asia's Internet economy, spanning online shopping to games and advertising, will surge sixfold to about US$200 billion in the next decade, according to joint research by Google Inc and Temasek Holdings.

Hotel Grand Central sells Australian hotel for A$80 million

Hotel Grand Central on Tuesday said it has inked a deal to sell Hotel Grand Chancellor Surfers Paradise hotel in Australia for A$80 million (S$79.7 million).

Corporate Earnings

The STI Today

Singapore shares close weaker on US rate fears

The Straits Times Index on Tuesday drifted 16.7 points down to 2,750.23 as the entire market recorded volume of just 966.2 million units worth S$726.7 million, one of the weakest one-day totals this year. The loss here came despite a late afternoon rebound in Hong Kong that pushed the Hang Seng Index into the black and a 40-point rise in the Dow futures.