Daily Debrief: What Happened Today
Stories you might have missed
Property Data
Private-home price decline in Q2 moderates to 0.4%: URA
The pace of decline in prices of private homes has eased in the second quarter, where the fall was a smaller 0.4 per cent compared to the 0.7 per cent a quarter ago.
Japan rail firm says only 7 years needed for Singapore-KL High Speed Rail commercial operations
Japan made a pitch on Friday to Singaporean authorities to help develop the Singapore-Kuala Lumpur High Speed Rail (HSR), promising that commercial operations can start in seven years when Japanese companies win the project.
Singapore, Chongqing finance firms to sign 28 deals involving US$1.6b in transactions: MAS
As of June this year, Singapore's financial sector has been involved in brokering close to US$4.5 billion in deals for Chongqing companies.
Singapore construction industry calls for more equitable allocation of risks
Singapore's construction industry has called for the review of the Public Sector Standard Conditions of Contract (PSSCOC) and the Security of Payment (SOP) Act for more equitable allocation of risks to contractors and easier settlement of payment disputes.
S$560m redevelopment of Funan mall to begin in Q3
CapitaLand Mall Trust Management said on Friday that Funan DigitaLife Mall will be redeveloped into "an aspirational lifestyle destination" at a cost of S$560 million.
Singapore June headline CPI seen falling for 20th month: poll
The median forecast in a Reuters survey of 10 economists was for the all-items consumer price index (CPI) to have fallen 1.1 per cent in June from a year earlier.
Corporate Earnings
The STI Today
Singapore shares finish mixed on the day, higher for the week thanks to Wall Street
Wall Street's consecutive all-time highs between Monday and Thursday provided the backdrop for a firm week for the Straits Times Index (STI) during which it gained 20 points or 0.7 per cent at 2,945.35, of which 4.87 points came on Friday. The index has now gained 2.2 per cent for the year so far.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators