What Happened Yesterday (Jan 16)

I'm sorry I'm lateHere're stories you might have missed.

Singapore seeks views on governance framework for generative AI
THE Singapore government on Tuesday (Jan 16) launched a public consultation on a proposed framework to govern generative artificial intelligence (AI).

Global ETFs industry hit record US$11.63 trillion in assets in 2023: report
THE assets invested into the global exchange-traded funds (ETFs) industry reached a record high of US$11.63 trillion at the end of 2023.

Wilmar’s China unit denies role in 5 billion yuan loss by state enterprise from alleged fraud
WILMAR International’s China unit has become embroiled in an alleged fraud that has led to billions of losses for a state-owned enterprise there.

Golden Equator Group eyes asset growth, building inter-generational ties
THE Golden Equator Group has refreshed its business structure, putting a renewed focus on building linkages between the older and younger generations of wealth owners.

Elite Commercial Reit’s preferential offering closes with 61.3% valid acceptances
ELITE Commercial Reit has received valid acceptances of 61.3 per cent for its preferential offering of around 103.4 million new units.

Singapore stocks retreat amid uncertainty over rate cut outlook; STI down 0.5%
SINGAPORE shares pulled back in tandem with most key regional bourses, taking the cue from European markets’ declines and lower US stock futures.