Daily Debrief: What Happened Today

Stories you might have missed

Anti-money laundering bust that seized S$1 billion could be ‘tip of the iceberg’

AS a major financial hub, Singapore must remain vigilant as criminal networks continue to seek out loopholes around anti-money laundering safeguards, industry watchers said.

Singapore’s July key exports fall 20.2% in steepest slide since January; economists expect more drops

SINGAPORE’S non-oil domestic exports (NODX) slid 20.2 per cent on the year in July, a sharper fall than June’s 15.6 per cent contraction, data from Enterprise Singapore (EnterpriseSG) showed on Thursday (Aug 17).

Singapore startup lets drivers access wider EV charging network from within existing apps

USERS of electric vehicle (EV) charging services in Singapore can access up to 1,350 charging points run by 11 operators, without having to use multiple apps – as long as their charging service is part of VoltNet, a network created by local startup Beep.

SGX H2 profit up 23% to S$286.3 million, considers higher dividends amid revenue growth plans

THE Singapore Exchange (SGX)’s net profit for the second half ended Jun 30 was up 23.1 per cent to S$286.3 million from S$232.7 million in the corresponding period the year before, the bourse said on Thursday (Aug 17).

OCBC, SPF say joint operation prevented scam losses of over S$22.4 million

OCBC and the Anti-Scam Centre of the Singapore Police Force (SPF) say they have successfully prevented over S$22.4 million in potential financial losses by disrupting over 830 ongoing scams.

Shopee’s shift to growth shows fear over TikTok Shop’s rise

SEA’S latest quarterly showing, while profitable, missed analysts’ estimates on revenue. Its e-commerce arm Shopee also reported its slowest growth in years.

Singapore stocks decline as July key exports fall; STI sheds 0.5%

SINGAPORE stocks ended Thursday (Aug 17) once again in the red, on news that the country’s July non-oil domestic exports slid 20.2 per cent on-year.