Quoteworthy: "Banks do not actively gather customer deposits just to park them at the central bank as a business strategy" –— Willie Tanoto of Fitch Ratings, commenting on news that DBS had lent $30 billion to MAS as it is “not finding enough opportunities to put the money to work.”
Briefs: New entrants to SGX's watchlist; Surbana Jurong's SMEC may back US$150 bil plan to build 123 new African cities
The Edge Singapore • • 8 min read
Thirteen companies have been added to the Singapore Exchange watchlist, subjecting them to greater scrutiny and possible delisting if the companies show no signs of turning around. Photo: Albert Chua/The Edge Singapore
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