Daily Debrief: What Happened Today
Stories you might have missed
MAS studying virtual bank licensing regime for fintech firms
RESPONDING to a query from The Business Times on whether Singapore will offer virtual bank licences, an MAS spokesman said MAS has been reviewing how digital-only banks with a "non-bank" parentage can offer value, and how potential risks will be managed and contained.
IMDA seeks public feedback on 5G network rollout
THE Infocomm Media Development Authority launched a public consultation on Tuesday, seeking views on the implementation of 5G regulatory frameworks and policies, ahead of facilitating the planned rollout of Singapore's 5G network by 2020.
Older HDB flats still in demand, saw record sales last year: OrangeTee & Tie
FOR the first quarter this year, 628 older flats - that is, those that are more than 40 years old - were sold, constituting 13.9 per cent of total resale transactions.
Singaporeans spend over S$1b in casino entrance fees
HIGHER entrance levies haven't stopped rich Singaporeans or those just feeling lucky from flocking to the country's only two casinos.
Singapore additive manufacturing cluster ties up with global network
UNDER a memorandum of understanding with Berlin-based Mobility goes Additive (MgA), signed on Tuesday at the seventh Namic Summit in Singapore, the collaboration will also facilitate tie-ups between AM players on both sides, including companies, institutions and research institutes.
Corporate earnings
The STI today
Singapore shares gain 0.7% on Tuesday after Monday's sell-off
THE Straits Times Index (STI) reversed some of Monday's 3 per cent slide to close at 3,312.52, up 21.90 points or 0.67 per cent.
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International
Canada exploring higher tariffs on China electric vehicles: trade minister
Attacker of former US speaker Nancy Pelosi’s husband jailed for 30 years
US, TikTok seek fast-track schedule, ruling by Dec 6 on potential ban
Higher US food prices lead to a shift in shopping habits
Indian spice trade group fears plunge in exports due to ETO pesticide scrutiny
Abu Dhabi’s US$302 billion fund deepens AI and private credit push