Daily briefing: SGX mulls first US dollar bond; China uses coercion to back claims in disputed waters: US

And Trade and Industry Minister highlights digitalisation as critical in recovery.

From Bloomberg

Singapore Exchange Ltd. (SGX) is looking to offer its first US dollar bond, Bloomberg reported citing a source.

The SGX has been expanding its fixed income, currency, and index businesses through acquisitions.

SGX Chief Financial Officer Ng Yao Loong had said earlier this month that its expenses will remain high as it continues to invest in growth.

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From Reuters

China is using coercion and intimidation to back its claims in the South China Sea, US Vice President Kamala Harris said.

Harris made the comment during her visit to Singapore, which is generally intended to respond against China’s growing influence.

She also discussed the US’ vision that asserts human rights and rules-based international order.

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From CNA

Trade and Industry Minister Gan Kim Yong raised the importance of digitalisation as an “enabler” of recovery for the retail sector, impacted by the pandemic.

“Digitalisation also helps the retail sector to be more visible, to be more efficient in their operations, as well as provide a lot of flexibility,” the Minister said.

The retail sector was amongst the sectors hit hardest by the pandemic. But the pandemic also accelerated the digital transformation of the industry.

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