Daily report: what happened today, government and economy



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Wed, Dec 02, 2020 – 6:30 PM

Stories that you may have missed

SBF Names Former Senior Official Lam Yi Young to Succeed Retired CEO Ho Meng Kit

The leadership change takes effect on January 1, and Mr. Ho continues to serve the SBF as his senior advisor after his retirement.


DBS and Standard Chartered make further rate cuts for deposit accounts

DBS and Standard Chartered (StanChart) will again cut rates on their respective savings accounts effective January 1, 2021 due to a gloomy interest rate environment.


Standard Chartered launches fixed deposits linked to sustainability Singdollar

STANDARD Chartered (StanChart) announced on Wednesday the launch of its Singdollar Sustainable Term Deposits, which is the first sustainable local currency deposit product that enables private and retail banking investors to earn a return on their sustainability investments.


Equinix Injects $ 144M Initial Investment Into Singapore’s Fifth Data Center

NAMED SG5, the nine-story facility will be located in the Tanjong Kling data center park and will be connected directly to the four existing Equinix International Business Exchange (IBX) data centers in Singapore via low-cost dark fiber links. latency.


Sabana Reit: ‘Nothing unusual or inappropriate’ about the merger voting process

SABANA Reit’s manager made that point in a stock exchange presentation Wednesday morning in response to concerns raised by major opponents of the deal, adding that the procedures apply equally to all participants in the trust.


MAS bans two former insurance agents for misleading clients and forgery

CHONG Yoon Loi, a former representative of Aviva Financial Advisers (AFA), received a four-year ban order (PO), while Suresh Kannan, a former representative of The Great Eastern Life Assurance Co, received a two-year ban order.


ITS today

STI closes 0.1% to 2,810.95

The benchmark Straits Times Index plunged into the red on Wednesday, falling 0.11 percent or 3.17 points to close at 2,810.95.



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