Daily Debrief: What Happened Today

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DBS confident about strong fee income growth in H2 2023, but warns loans may slow

DBS recorded a 7 per cent rise in its second-quarter commercial book net fee income to S$823 million – the first year-on-year increase in six quarters. 

Singapore yet to receive new proposals from Malaysia to revive HSR project

ACTING Transport Minister Chee Hong Tat told Parliament on Thursday (Aug 3) that Singapore is willing to “discuss any new proposals for the Kuala Lumpur-Singapore HSR from Malaysia in good faith, starting from a clean slate”.

Deferring upcoming GST hike will only ‘store up more problems’ for the future’: Lawrence Wong

 DEPUTY Prime Minister Lawrence Wong said the government adopts a “responsible approach” to managing Singapore’s fiscal resources, and takes into consideration not just the year-on-year changes, but the medium-term trend in its expenditures and revenues.

Cut-off yield on latest Singapore 6-month T-bill falls to 3.75%

THE cut-off yield continued its downtrend from the previous six-month tenor of the T-bills, which offered a cut-off yield of 3.85 per cent.

Downgrading of US debt a ‘symbolic act’, with no imminent budget crisis expected

FINANCIAL markets are no longer shocked by warnings that US democracy might one day become so damaged and dysfunctional that the world’s largest economy defaults on its debt.