Daily Debrief: What Happened Today

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Local banking trio raise fixed home loan rates further to 3.5% and up

AFTER hiking the interest rates on fixed-rate home loan packages in late June, DBS is raising its rates further to 3.5 per cent. This is a 0.75 percentage point rise from the earlier 2.75 per cent interest rate offered by Singapore’s largest lender.

MAS to seed S$5m blended finance innovation grant amid call to scale up transition funding

THE MONETARY Authority of Singapore (MAS) is injecting seed capital into a S$5 million Asia Climate Solutions Design Grant to fund innovations in blended finance, managing director Ravi Menon said on Tuesday as he urged a fresh approach to blended finance.

90% of re-employment disputes ‘amicably resolved’ in mediation: MOM

OF ABOUT 80 re-employment disputes received each year by the Ministry of Manpower (MOM) from 2016 to 2021, about 90 per cent were amicably resolved through mediation, Senior Minister of State for Manpower Koh Poh Koon said in Parliament on Tuesday (Oct 4).

Kensington Park condo back on the en bloc market at S$1.28b

KENSINGTON Park condominium in Serangoon Gardens has been relaunched for en bloc sale via tender with an unchanged guide price of S$1.28 billion, sole marketing agent CBRE and on Tuesday (Oct 4).

Australia’s Telstra hit by data breach, two weeks after attack on Optus

AUSTRALIA’S largest telecoms firm Telstra Corp said on Tuesday it had suffered what it called a small data breach, a disclosure that comes two weeks after its main rival Optus was left reeling by a massive cyberattack.

The STI today

Singapore stocks up with Wall Street, regional markets rally

ASIAN equities, including Singapore’s, were cued by Wall Street’s overnight relief rally, and wrapped up trading higher on Tuesday (Oct 4).