Daily Debrief: What Happened Today

Stories you might have missed

Private equity dry powder hits record US$2.49 trillion as dealmaking slows: S&P

GLOBAL private equity (PE) firms are sitting on a record US$2.49 trillion in dry powder as at Jul 3, the highest level since 2000, data released by S&P Global Market Intelligence and Preqin on Thursday (Jul 20) indicated.

SME health worsens in Q2, but business owners still upbeat: OCBC

THE health of small and medium-sized enterprises (SMEs) continued to worsen in the second quarter of 2023, but business owners are remaining positive.

PM Lee to nominate Seah Kian Peng as Speaker of Parliament following Tan Chuan-Jin’s exit

SINGAPORE Prime Minister Lee Hsien Loong plans to nominate Seah Kian Peng as the new Speaker of the Parliament at the next sitting in August, the Prime Minister’s Office said on Friday (Jul 21).

Sabana Reit manager says ‘no assurance’ staff will stay if EGM resolutions passed

THERE is “no assurance or certainty” that existing staff of Sabana Industrial Reit’s manager would be willing to stay on if resolutions at the extraordinary general meeting (EGM) requisitioned by Quarz Capital are passed, given the uncertainties during the interim period.

Hong Leong Asia opens precast facility in Punggol to beef up supply chain

INDUSTRIAL conglomerate Hong Leong Asia (HLA) aims to diversify and strengthen its supply chain, and will do this through a precast facility in Punggol that will produce more of its building materials locally.

Healthier SG: A clear boon for patients, less so for GPs?

FOR Singapore residents, the Healthier SG initiative means lower healthcare costs and greater convenience when visiting a doctor. But for general practitioners (GPs) participating in the programme, the benefits are less clear.

The STI today

Singapore shares end week slightly higher, STI up 0.1%

LOCAL shares ended the week in the black, as the slew of corporate earnings results and macroeconomic data releases globally gave investors much to mull over. This, in turn, translated to bargain hunting in the local capital market.