Daily Debrief: What Happened Today

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MAS, IMDA to consult industry on proposal for banks, telcos to share responsibility in scam losses

FINANCIAL institutions (FIs) and telecommunications companies in Singapore may soon have to share the responsibility of losses by victims of phishing scams if they fail to put in place measures to protect their customers.

Rolls-Royces, Porsche 911 seized from Bukit Timah GCB previously occupied by Su Jianfeng

FOUR cars were seized from the Good Class Bungalow (GCB) previously occupied by Su Jianfeng, one of the 10 foreign nationals linked to the S$2.8 billion money-laundering case. 

High Street Centre up for sale again at lower S$748 million reserve price

HIGH Street Centre at 1 North Bridge Road was relaunched for collective sale for the second time via a public tender at a S$748 million reserve price. This is 6.5 per cent lower than the S$800 million reserve price when it was first launched for sale in mid-2020.

Singapore’s ION Mobility to invest US$15 million in Indonesia electric vehicle market

ION Mobility, a Singapore-based electric vehicle (EV) startup, will invest US$15 million over the next three years to expand its presence in Indonesia, its founder and chief executive officer James Chan told The Business Times.

More than motoring at Tokyo show as vehicle makers share plans for aviation, AI

AT THIS year’s Tokyo Mobility Show, cars are sharing the stage with aviation concepts and artificial intelligence (AI), among others, as the former Tokyo Motor Show expands beyond motoring towards a broader concept of “mobility”.

Singapore shares fall on Wednesday; STI down 0.2%

THE Straits Times Index (STI) fell 0.2 per cent or 5.1 points to 3,078.78 as regional markets closed mixed on Wednesday (Oct 25).