Daily Debrief: What Happened Today (Jul 2)
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Singapore banks surge to record highs on Tuesday
THE share prices of the three local banks traded at record highs on Tuesday (Jul 2) after the midday break, with OCBC and UOB breaching all-time records after an initially mixed showing at the opening bell.
DIRECTING Singapore’s sovereign wealth fund, GIC, to invest in locally listed companies is “not the solution” to make the Republic’s equity market more attractive, as this would compromise the government’s intention in setting up GIC, said Second Minister for Finance Chee Hong Tat on Tuesday (Jul 2).
New Bill to tackle money laundering, recovery of assets introduced in Parliament
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THE proposed changes will allow for probes to extend to environmental crimes and facilitate the prosecution of money mules
Most Singapore companies not fully measuring Scope 3 emissions; understanding is low: study
THIS is impacting companies’ readiness to report their sustainability metrics, noted the study, conducted by the Institute of Singapore Chartered Accountants (Isca) and energy management company Schneider Electric.
Local firms’ payment performance improves further in Q2: Singapore Commercial Credit Bureau
THE credit and risk information solutions provider noted that both prompt and slow payments accounted for slightly more than two-fifths of total payment transactions.
Singapore banks lead uptick; STI up 0.9%
THE benchmark Straits Times Index (STI) rose 0.9 per cent or 29.33 points to 3,367.90.
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