Daily Debrief: What Happened Today

Stories you might have missed

Singapore headline, core inflation dial back in March as expected

SINGAPORE’S inflation fell across the board in March, with headline inflation in line with economists’ expectations and core inflation coming in slightly lower.

Funds raised by Singapore’s early-stage emerging tech startups down 28% in 2022

EARLY-STAGE emerging technology startups in Singapore raised US$253 million in funding last year, down 28.1 per cent from the US$352 million raised in 2021, said government-owned tech investor SGInnovate.

Distressed property listings jump in Q1 as bankruptcies rise

THE number of mortgagee listings jumped in the first quarter of 2023, with more distress sales expected in the second half of the year as bankruptcy applications increase. 

Dasin Retail Trust’s portfolio valuation falls; sponsor grapples with litigation, equity issues

PRELIMINARY independent valuations have pointed to an overall decline in the value of Dasin Retail Trust’s portfolio as at end-December 2022.

Link Hotel in Tiong Bahru goes into receivership, put up for sale

LINK Hotel Singapore, a boutique hotel in Tiong Bahru, has been placed in receivership after a S$50 million loan default, and is now up for sale.

Sabana Reit fields queries on director independence from activist investor, unitholders

THE manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) on Monday (Apr 24) disputed some claims from an open letter written by activist investor Quarz Capital, which holds a 14 per cent deemed interest in the Reit’s units as at Mar 8.

The STI today

Singapore stocks flat amid mixed regional trading; STI up 0.1%

THE Straits Times Index (STI) gained 0.1 per cent or 2.73 points to close at 3,324.55 points on Monday (Apr 24), as data showed local inflation rates in March matching economists’ median estimates.