Daily Debrief: What Happened Today (Aug 6)

Stories you might have missed

MAS prioritises policyholders, competitive market in assessing Allianz-Income deal: Chee Hong Tat

THE Monetary Authority of Singapore (MAS) will prioritise the interest of policyholders when assessing Allianz’s proposed acquisition of a majority stake in Income Insurance, said Second Minister for Finance Chee Hong Tat in Parliament on Tuesday (Aug 6).

Platform worker protections tabled in Parliament under new Bill

A NEW Bill proposes to implement previously announced protections for platform workers in Singapore: Central Provident Fund (CPF) contributions, work injury insurance and a legal framework for representation.

Spike in million-dollar deals, strong volume nudge HDB resale prices up further in July

THE number of Housing and Development Board (HDB) flats resold at more than S$1 million hit another all-time high in July with 120 transactions, while overall resale prices continued to rise on strong market volume in the month.

Chip Wars: South-east Asia’s semiconductor surge amid US-China rift

ASEAN first broke into the semiconductor scene in the 1970s with backend processes such as assembly, testing and packaging (ATP). While some countries are advancing upstream, others lag behind. The Business Times outlines the region’s current state of play.

Singapore’s STI dips 1.4 % amid calls for Fed rate cuts

SINGAPORE was left out from the rebound played out elsewhere in Asia-Pacific markets on Tuesday (Aug 6), a day after the global meltdown that saw Tokyo’s Nikkei 225 diving 12.4 per cent.