Daily Debrief: What Happened Today
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PRIVATE-SECTOR economists have again dialed down their expectations for the Singapore economy, according to a quarterly survey of professional forecasters by the Republic’s central bank on Thursday (Sep 1).
Singapore’s first digital bank Trust Bank launches
THE Standard Chartered Bank and Fairprice Group’s digital bank, Trust Bank launched with savings accounts and credit card offerings for retail customers.
UOB Kay Hian fined S$375,000 for business conduct compliance failures
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BROKERAGE firm UOB Kay Hian (UOBKH) was on Wednesday (Aug 31) fined S$375,000 for failing to comply with business conduct requirements under the Securities and Futures (Licensing and Conduct of Business) Regulations, as well as anti-money laundering and countering the financing of terrorism (AML/CFT) requirements listed by the Monetary Authority of Singapore (MAS).
Former Noble directors who were issued ‘stern warnings’ named by Acra
THE 2 former directors of Noble Group Limited’s (NGL) subsidiary, Noble Resources International (NRI), who were issued “stern warnings” by the Accounting and Corporate Regulatory Authority (Acra) have been identified as Neil Timothy Dhar and Timothy Martin Eyre.
ST Engineering unit bags S$1.4 billion turnkey rail project for new Kaohsiung MRT Yellow Line
SINGAPORE Technologies Engineering (ST Engg), through its subsidiary Urban Solutions, has clinched a S$1.4 billion contract to provide turnkey rail services, including rail electronics solutions as well as above-ground train depot design, construction and equipment fit out for the new Kaohsiung MRT Yellow Line.
The STI today
STI rises marginally by 0.1%, bucks trend of losses across region
SINGAPORE shares managed to buck the trend of losses in the region to finish higher on Thursday (Sep 1), following a day of seesaw trading, even as caution reigned amid what pundits called the start of a “bear market rally” in Wall Street.
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