Daily Debrief: What Happened Today

Stories you might have missed

MAS to conduct trials for digital Singdollar that supports government payouts, vouchers

THE Monetary Authority of Singapore (MAS) sees promise for a purpose-bound digital Singapore dollar (Singdollar) to support government payouts and various other digital voucher schemes.

HDB posts record deficit of S$4.4b in FY2021

THE Housing and Development Board’s (HDB) net deficit before government grant almost doubled to a record high of S$4.4 billion in its 2021 financial year, driven by a shortfall on its public housing programme.

Singapore Fintech Festival launches with over 850 speakers to feature in week-long programme

THE seventh Singapore Fintech Festival (SFF) began on Monday (Oct 31), with a large number of speakers and exhibitors participating in the week-long programme that is back as an in-person event for the first time since 2019.

UOB sets decarbonisation targets for six sectors; ceases financing for upstream O&G

SOUTH-east Asia’s third-largest lender UOB announced on Monday (Oct 31) that it will stop financing new upstream oil and gas (O&G) projects from 2023, among its wider net-zero commitments by 2050.

Manufacturing expectations still pessimistic, services sector less upbeat: surveys

SINGAPORE’S manufacturers remain negative about business conditions in the next six months, while services firms were less positive, according to separate quarterly surveys on Monday (Oct 31).

Corporate Earnings

• CLCT’s 9M gross revenue rises 7% on positive rental reversions
• CapitaLand India Trust Q3 income up 13% on higher contributions
• Raffles Medical reports 62.1% rise in Q3 net profit to S$38.3m

The STI today

Singapore stocks rise for 5th straight session amid Fed pivot hopes; STI up 1%

SINGAPORE shares began the week on an encouraging note, taking the cue from Wall Street’s rally last Friday and optimism across most key bourses in the region.