Daily Debrief: What Happened Today

Stories you might have missed

MAS posts record S$30.8 billion loss following Sing dollar tightening to bring down inflation

THE Monetary Authority of Singapore (MAS) on Wednesday (Jul 5) posted a net loss of S$30.8 billion for the financial year ended Mar 31, 2023, the largest loss it has ever recorded.

Singapore retail sales up 1.8% on year in May, but down sequentially

SINGAPORE’S retail sales grew 1.8 per cent year on year in May, narrowing from the 3.7 per cent growth recorded in April, Department of Statistics (Singstat) data showed on Wednesday (Jul 5).

Malaysia’s unity government faces test of mandate in Aug 12 state polls

MALAYSIA’S unity government, led by Prime Minister Anwar Ibrahim, faces its first test of public support in six state polls on Aug 12, with the Election Commission (EC) announcing the date on Wednesday (Jul 5).

MAS invests S$8 billion in climate transition

THE Monetary Authority of Singapore (MAS) has allocated 2 per cent of its portfolio, which amounts to slightly over S$8 billion, to its climate transition programme, said its managing director Ravi Menon.

Temasek’s STT to issue S$300 million in 5.5% perpetual securities

TEMASEK-owned Singapore Technologies Telemedia (STT) has priced S$300 million in perpetual securities at a rate of 5.5 per cent, first callable in 2030.

COE prices dip in all categories except for Category A cars

CERTIFICATE of Entitlement (COE) prices for July’s first round of bidding saw minor decreases except for the mainstream car category, which rose slightly.

The STI today

Singapore stocks close lower as weak economic data weighs on sentiment; STI down 0.6%

THE Straits Times Index (STI) fell 0.6 per cent or 18.39 points to 3,185.38 on Wednesday (Jul 5), as investors mulled over weak economic data from Singapore and China.