Daily Debrief: What Happened Today (Jun 12)

Stories you might have missed

What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

[SINGAPORE] At first glance, there is little to suggest that Singapore’s premier retail belt Orchard Road is losing its shine. Home to luxury-brand flagships and some of the city’s top-performing retail assets, the shopping street continues to attract high foot traffic and new store openings.

Singapore announces new road map to improve standards and conformance capabilities, partnerships

[SINGAPORE] Enterprise Singapore (EnterpriseSG) has launched its Standards and Conformance (S&C) 2035 road map.

Rate hikes unlikely despite hot inflation and strong jobs in US: Amundi

[PARIS] Interest rate hikes in the US might not come in the next few months despite recent overwhelming market concensus that they will, said participants at the Amundi World Investment Forum 2026 on Thursday (Jun 11). 

Indonesia fuel price hike, rupiah rout pile pressure on Prabowo as students protest

[JAKARTA] Rising fuel prices, a weakening rupiah and growing concerns over Indonesia’s economic direction have triggered a student-led protest in Jakarta on Friday (Jun 12), posing a fresh challenge for President Prabowo Subianto.

Singapore Kitchen Equipment defends move to keep CEO, senior manager in jobs despite criminal charges

[SINGAPORE] Singapore Kitchen Equipment said that CEO Chua Chwee Choo and senior manager Koh Sai Eng were kept in their positions despite being charged with fraud and falsifying accounts, because the criminal case has yet to be concluded.