Daily Debrief: What Happened Today (Jul 4)

Stories you might have missed

Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case

[SINGAPORE] Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches, said the Monetary Authority of Singapore (MAS).

Higher seller’s stamp duty a warning shot to speculators but unlikely to cause market distress

[SINGAPORE] Changes in seller’s stamp duty will make it harder to flip a property for profit in a short time, but are unlikely to have much impact on prices or volume in Singapore’s residential market, analysts said on Friday (Jul 4).

The (licensed) psychologist will see you now

[SINGAPORE] The Republic is set to introduce a national registration framework to regulate psychologists – a move that could mark a turning point for Singapore’s mental health landscape.

Shatec shuts Orchard campus and training restaurant, cuts 42 staff, puts building up for sale

[SINGAPORE] The sale of Shatec’s Bukit Batok building is part of the hospitality school’s asset management strategy, with the institute “currently in the early stages of reviewing its long-term plans”, said board chairman Loh Lik Peng in response to queries from The Business Times.

Pelita Air to operate from T4 when it lands in Singapore, likely using Jetstar premises

[SINGAPORE / JAKARTA] Indonesia’s Pelita Air Service is said to be taking over the check-in premises of Jetstar Asia at Changi Airport terminal 4 after the exit of the budget carrier, The Business Times understands.

Singapore shares slip as tariff pause will end soon; STI drops 0.2%

[SINGAPORE] Singapore equities retreated along with some regional indexes on Friday (Jul 4) as Asia’s export-driven economies brace for the impact of the upcoming lifting of the pause in implementing the United States’ reciprocal tariffs.