Daily Debrief: What Happened Today

Stories you might have missed

SGX launches consultation on SPACs, with proposals to minimise dilution and better align interest

SGX Regulation (SGX RegCo) is seeking feedback on a framework that would attempt to reduce some of the risks of excessive dilution for long-term investors, as well as the rush for sponsors to de-SPAC.

Jobs Growth Incentive supported hiring of 130,000 locals over three months

THE latest figures from September to November suggest a slowing pace of hiring as previously, the Ministry of Manpower (MOM) had announced that 110,000 locals were hired for the period from September to October.

Banks to cease issuance of SOR derivatives and Sibor-linked financial products by Sept

WITH SOR to discontinue in mid-2023, this move addresses the risk of continued reliance on SOR derivatives, which will increase operational and financial risks for market participants.

MAS to grant US$20.6m to IMF's Covid-19 support initiatives for vulnerable countries

SUBJECT to Parliament's approval on April 5, Singapore will provide grants totalling nearly US$20.6 million to three initiatives, namely the Catastrophe Containment and Relief Trust (CCRT), the Covid-19 Crisis Capacity Development Initiative (CCCDI) and the Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries (PRG-HIPC Trust).

OCBC pushes cheaper home, renovation loans for eco-friendly borrowers

TO qualify for preferential rates under the "Eco-Care" Home and Renovation Loans, borrowers have to pass the Building and Construction Authority's (BCA) Tropical Home Energy Efficiency Assessment (THEEA) - an online self-assessment tool predicting homes' energy consumption with a "pass" or fail" rating.

Corporate earnings

• Sembmarine files notice of three straight years of losses

The STI today

STI falls 0.8% alongside losses by regional peers

THE key Straits Times Index fell 25.55 points or 0.80 per cent to finish at 3,165.34 on Wednesday.