Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s headline, core inflation ease further in June; economists still expect MAS to stand pat

SINGAPORE’S headline and core inflation fell further in June, largely due to lower inflation for food and services, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Monday (Jul 24).

Ultra-luxury car registrations slow down in June after tax hike

AFTER stellar figures in the first five months of 2023, Singapore registrations of upper-crust luxury cars such as Ferrari and Rolls-Royce plummeted in June because of tax increases.

Far East Shopping Centre up for collective sale with S$928 million guide price

FAR East Shopping Centre is up for en bloc sale with a S$928 million guide price, marketing agent CBRE said on Monday (Jul 24).

Higher deposit caps for digital lenders not likely to disrupt local bank trio: report

THE raising of deposit caps for digital banks will likely not impact the profitability of Singapore’s trio of local banks – DBS, UOB and OCBC, Fitch Ratings said in a report on Sunday (Jul 23).

Executive condo sellers in suburbs among top profit gainers in Q2

EXECUTIVE condominiums (EC) in the suburbs accounted for four of the five most profitable resale deals by percentage gain in the second quarter of 2023, with properties changing hands for almost double their original price.

More polling stations, counters for Presidential Election 2023

MORE polling stations and counters will be provided for the upcoming presidential election to reduce waiting times, announced the Elections Department (ELD) on Monday.

The STI today

Singapore stocks slip as China indices weigh; STI ends 0.4% lower

SINGAPORE shares opened higher but closed in the red on Monday (Jul 24), joining China’s key indices in red ink while the rest of the major Asian bourses registered gains.