Daily Debrief: What Happened Today
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Binance placed on alert list after complaints; all crypto exchanges can fail: MAS
CRYPTO exchange Binance was placed on Singapore’s Investor Alert List (IAL) and investigated by the Commercial Affairs Department after the Monetary Authority of Singapore received several complaints about the exchange between January and August 2021.
A*Star and RVAC Medicines to set up joint lab to develop mRNA vaccines
UNDER the agreement, they will set up a joint laboratory at A*Star’s Bioprocessing Technology Institute (BTI) to develop a preclinical manufacturing platform to generate novel raw materials and potentially clinical-grade assets.
Hiring activity cools in tech, manufacturing amid broader caution by employers
DEMAND for technology roles was high in the second and third quarters of the year, but has slowed in the final quarter, said Betul Genc, country manager for Singapore at Adecco.
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Paying rent in the interim makes sense for would-be first time home buyers
ONE key reason for a potential first time home buyer to rent a home for possibly a fairly long duration is that one wants to get one’s home purchase right because there are significant transaction costs incurred in buying and selling homes.
Hung Parliament weighs on Malaysia’s ringgit
THE currency fell as much as 0.7 per cent to almost RM4.59 per US dollar on Monday (Nov 21), after the weekend’s election resulted in a hung Parliament.
The STI today
Singapore stocks fall amid regional declines; STI down 0.7%
SINGAPORE stocks finished Monday (Nov 21) with a loss of 0.7 per cent, with the Straits Times Index (STI) falling 21.61 points to 3,250.62.
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