Daily Debrief: What Happened Today

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Economists expect MAS to maintain monetary policy settings as August headline, core inflation dip

THE Monetary Authority of Singapore (MAS) will likely stick to the status quo at October’s monetary policy meeting, economists said after MAS and the Ministry of Trade and Industry (MTI) data showed August’s inflation cooling for the fourth straight month on Monday (Sep 25).

Singapore investment banking fees down 20% year to date, M&A value falls to decade low

INVESTMENT banking fees generated in the first three quarters of 2023 amounted to an estimated US$585.2 million, down 20 per cent compared with the first nine months of 2022, based on Refinitiv data released on Monday (Sep 25).

Lawrence Wong to become deputy chairman of GIC from Oct 1

DEPUTY Prime Minister Lawrence Wong will assume the post of deputy chairman of GIC from Oct 1.

CapitaLand Ascott Trust completes sale of four French properties for 44.4 million euros

CAPITALAND Ascott Trust (Clas) sold four mature serviced residences in regional France for a total of 44.4 million euros (S$64.6 million) as part of its portfolio reconstitution strategy, its manager said on Monday (Sep 25).

Singapore shares rise on Monday amid softer inflation data; STI up 0.3%

SINGAPORE shares ended higher on Monday (Sep 25), as the Republic continued to post softer inflation data in August.