Daily Briefing: Why cash is no longer king; Has Noble finally sailed clear of Iceberg?

And growth forecast trimmed after Q2 contraction.

The notion of 'Cash is King' seems to be less relevant these days in Singapore, especially in the age of booming e-commerce and fast-evolving technology. Considering that there are almost 10 million credit cards in circulation in Singapore, and Singaporeans hold an average of 6 credit cards each, it seems like the preferred payment of choice is not cash. Read more here.
Noble Group may see some light at the end of a months-long tunnel of attacks from critics, with commodity trader's share price surge following an independent report on its accounting suggesting a shift in market sentiment. Find out more here.
Singapore on Tuesday narrowed its full-year economic growth forecast after the trade-reliant economy contracted in the second quarter owing to weakened global demand. Read more here.

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