Daily Debrief: What Happened Today

Stories you might have missed

Singapore developing software with ChatGPT-like features for public sector

THE government is building a suite of productivity tools for the public service that can help with writing and coding, similar to the popular chatbot ChatGPT.

Prime retail rents set to rise as global brands expand in Singapore: Knight Frank

SINGAPORE’S prime retail rents are expected to rise between 3 per cent and 5 per cent for the whole of 2023, despite signs of the growth moderating in the second quarter, said Knight Frank in a report on Tuesday (Jul 18).

Ng Yu Zhi’s liquidated company to pay all GST arrears, and 60% of valid unsecured claims

THE proceeds from the liquidation of a company belonging to alleged nickel trading scammer Ng Yu Zhi will go towards paying the Comptroller of Goods and Services Tax in full, and satisfy 60 per cent of the admitted unsecured claims in initial dividends.

Manulife US Reit breaches loan covenants; gearing passes 50% limit

MANULIFE US Real Estate Investment Trust (Reit) manager on Tuesday (Jul 18) said that a decline in valuations led to a breach of the Reit’s financial covenants.

Thunes adds EDBI, Visa to extended Series C round

EDBI and Visa have joined the Series C funding round of Thunes, a Singapore-based global payment network, the company said on Monday (Jul 17).

The STI today

Singapore shares end Tuesday flat as investors move with caution

LOCAL shares ended Tuesday (Jul 18) largely unchanged, as traders approached capital markets with caution, mainly surrounding the usual suspects – inflation, interest rates and the upcoming corporate earnings season.