Daily Debrief: What Happened Today (Aug 2)

Stories you might have missed

MAS sets up review group to improve Singapore equities market

THE Monetary Authority of Singapore (MAS) has set up a review group to recommend measures to aid in the development of the equities market in Singapore, it said on Friday (Aug 2).

OCBC looks to balance net interest income growth with NIM impact ahead of interest rate cuts 

AHEAD of cuts to interest rates, OCBC has noted the need to sustain growth in its net interest income (NII) while blunting the impact of lower net interest margins (NIMs), its group chief executive Helen Wong has said.

Coming back from the dead: Do People’s Park Complex, Far East Shopping Centre and other strata-titled malls have a chance?

THEY are among some of the most iconic malls along Orchard Road and were the first shopping centres established in their neighbourhoods.

Employment claims by Singapore workers higher in 2023 on the back of claims by foreign construction workers

MORE salary claims by foreign construction workers drove a rise in the incidence of employment claims in Singapore last year, government figures showed on Friday (Aug 2).

Singapore hotels’ average room rate at one-year low in June; tourist arrivals continue falling

SINGAPORE hotels’ average room rate (ARR) fell slightly sequentially in June to the lowest in a year, as international visitor arrivals marked a third straight month of declines, Singapore Tourism Board (STB) data showed on Friday (Aug 2).

Seatrium dives after Friday results release, pulling STI down 1.1%

SINGAPORE equities fell on Friday (Aug 2), as earnings reports moved counters on the local bourse.