Daily Debrief: What Happened Today

Stories you might have missed

Funding, including subsidised help from wealthy nations, key to Asia’s green transition: panel

SUBSIDISED support from wealthier nations and public-private partnerships such as blended finance are key to helping Asia transition to a cleaner and more sustainable economic model, panellists at sustainability conference Ecosperity said on Tuesday (Jun 6).

Mapletree Industrial Trust’s third-largest tenant enters US court-supervised Chapter 11 process

MAPLETREE Industrial Trust’s (MIT) third-largest tenant has initiated a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code, the trust’s manager announced in a bourse filing on Tuesday (Jun 6).

Venture capital to see less allocation from Asia-Pacific family offices

FAMILY offices in Asia-Pacific (Apac) are turning bearish on returns from private equity and venture capital, according to the Apac Family Office Report 2023 by data company Preqin.

South-east Asia green investments fall 7% despite rise in commitments: Bain-Temasek report

GREEN capital spend in South-east Asia dwindled for two years straight, despite a notable rise in government and corporate commitments to channel new capital towards the region’s decarbonisation needs in 2022.

Central banks extend optimism on gold against rising interest rates: World Gold Council

GOLD continues to be viewed favourably by central banks as a reserve asset. Nearly a quarter of 59 central banks surveyed intend to raise their gold reserves in the next 12 months, World Gold Council’s survey found.

‘This deal never existed,’ says witness from Unipec on oil contract with Hin Leong

AN EXECUTIVE at Unipec Singapore, who once dealt regularly with Hin Leong Trading’s (HLT) “big boss” Lim Oon Kuin for trades involving gas oil and diesel products, denied ever receiving an e-mail that was purportedly sent to him by HLT’s trading team.

The STI today

Singapore shares inch up 0.03% amid attention on Fed meeting next week

THE blue-chip barometer Straits Times Index (STI) managed to eke out an increase of 0.03 per cent or 1.1 points to 3,190.11 points on Tuesday (Jun 6), amid a mixed regional market showing.