Daily report: what happened today, government and economy



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Mon, Aug 31, 2020 – 6:30 pm

Stories that you may have missed

Singapore’s economy must adapt with further integration, new connections: Heng

SINGAPORE must adapt its economy to the post-Covid world by adopting a more integrated approach to transformation; develop human potential, even from pregnancy; improve in the detection of opportunities; and finding new ways to be a global node, Deputy Prime Minister and Finance Minister Heng Swee Keat said in Parliament on Monday.


Singapore remains open, but businesses should focus on Singapore’s core: Tan See Leng

WHILE Singapore remains open to talent and global investment, companies operating here should do more to strengthen their Singapore core, new political incumbent Tan See Leng said in his first speech in Parliament on Monday, giving an overview of the efforts to help both workers. and companies.


Superior Court grants OCBC’s request to place KS Energy, key unit under IJM

IT was strongly contested by embattled KS Energy, but in the end, OCBC won, and the Singapore High Court granted the lender’s request on Monday to place the oil services company and a key operating subsidiary under interim receivership.


SGX, GF Securities to promote connectivity between the Singapore and China capital markets

The Singapore Stock Exchange (SGX) signed a memorandum of understanding with Chinese brokerage house GF Securities Corporation to promote greater connectivity between Singapore and China’s capital markets, SGX said on Monday.


Pressure on capital adds caution on Singapore bank ratings: Fitch

SINGAPORE banks’ capital ratios should remain at around 14 percent over the next few years, or they risk triggering a rating downgrade, Fitch Ratings warned.


Axington requests voluntary commercial suspension pending announcement

Axington Inc, which is listed on the catalog, on Monday requested a voluntary suspension of the trading of its shares pending an announcement on “strategic changes to be made in the commercial direction of the company.”


SGX approves CMT to list up to 2.78b new units, CCT to remove

SGX on Friday granted approval in principle to CapitaLand Mall Trust (CMT) for the listing of up to 2.78 billion new units as partial consideration for their merger through a trust scheme with CapitaLand Commercial Trust, the CMT manager said in a statement. presentation of bag on Monday.



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