Daily Debrief: What Happened Today
Stories you might have missed
Singapore private property price index up 1.3% in Q2: URA flash estimate
THIS comes after a 0.7 per cent decrease in the previous quarter. Based on the flash estimate on Monday, prices have risen 0.6 per cent year to date.
Fintech Singapore Life secures US$90m from Sumitomo Life Insurance
THE latest fund injection brings Singapore Life's valuation to US$358 million, its CEO Walter de Oude told The Business Times on Monday, with the investment by Sumitomo Life now giving the startup the funds to speed up its "mobile-first ambitions".
HDB resale flat prices dip 0.2% in Q2: flash estimates
THE resale price index was 130.8, down from 131 in the first quarter of the year.
Singapore ranks top in VAT, GST compliance: study
SINGAPORE is the only country to take the top spot with a compliance burden index of two.
US artificial intelligence firm Digital Reasoning expands to Asia with new Singapore office
THE office at 71 Robinson Road will provide technical and sales support to Digital Reasoning's existing customers, and expand its work to new clients that have major Asia divisions or headquarters.
Maxi-Cash offers to buy back 5.5% notes or exchange them for new 6.35% notes
HOLDERS may opt to sell their notes at par plus accrued interest, for up to S$5 million in total principal, although Maxi-Cash may increase this maximum acceptance amount.
The STI today
Singapore shares soar 1.5% as Trump-Xi meeting boosts trade hopes The bullish spirit of the day saw the Straits Times Index (STI) streak ahead to start the third quarter, finishing 50.65 points or 1.5 per cent higher at 3,372.26.
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International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month