Daily Debrief: What Happened Today

Stories you might have missed

‘Concerns about integrity’ prompt former GIC investment chief Ng Kok Song to seek presidential candidacy

FORMER GIC investment chief Ng Kok Song picked up his papers to be a presidential candidate on Wednesday (Jul 19), saying that concerns about the integrity of Singapore’s institutions are what convinced him to stand for election.

WP’s Leon Perera and Nicole Seah resign from party after affair; Perera steps down as MP

WORKERS’ PARTY (WP) members Leon Perera and Nicole Seah have stepped down from the party, chief Pritam Singh announced on Wednesday (Jul 19).

ADB cuts S-E Asia growth forecast for 2023 on weak manufacturing demand

SOUTH-east Asia could see softer economic growth this year, as the Asian Development Bank (ADB) downgraded its 2023 growth projection for the region slightly to 4.6 per cent, from 4.7 per cent previously.

Small-car COEs dip, other categories hold steady

CERTIFICATE of Entitlement (COE) prices for July’s second round of bidding were largely stable, with the most notable change being a minor decrease in the price for the small-car category.

GXS Bank raises savings account limit to S$75,000

GXS Bank, the digital bank owned by Grab and Singtel, has raised the deposit cap on its savings account from S$5,000 to S$75,000, according to an email sent to customers on Wednesday (Jul 19).

Retail podium at 183 Longhaus up for sale with S$35 million guide price

THE retail podium at mixed-use development 183 Longhaus has been put on the market via expression of interest (EOI). The guide price is S$35.1 million, S$3 million lower than its previous price tag.

The STI today

Singapore stocks rise on Wednesday, tracking Wall Street gains; STI up 0.6%

SINGAPORE stocks ended higher on Wednesday (Jul 19), tracking overnight gains on Wall Street.