Daily Debrief: What Happened Today

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Marina Bay Sands posts 34.3% higher Q3 net revenue of US$1 billion

NET revenue for Marina Bay Sands (MBS) grew 34.3 per cent to US$1 billion for the third quarter ended September 2023 from US$756 million the year before, as travel and tourism spending in Singapore continued to recover over the quarter.

HDB to redevelop Tanglin Halt in Queenstown to offer up to 5,500 new flats

TANGLIN Halt, one of Singapore’s oldest public housing estates in Queenstown, will offer up to 5,500 new flats when fully developed, the Housing and Development Board (HDB) said on Thursday (Oct 19).

Returns on 12-month T-bill dip slightly to 3.7% in October amid uptick in demand

CUT-OFF yields on the latest 12-month Treasury bill (T-bill) have dipped slightly to reach 3.7 per cent, marginally lower than July’s tranche at 3.74 per cent interest.

TikTok’s troubles in South-east Asia a test for its e-commerce future

TIKTOK’S e-commerce dreams in South-east Asia have been jolted as governments find fault with the social media platform, with potential implications for the region’s e-commerce hopefuls.

Short interest in ‘over-valued’ SIA stock increases amid bearish industry outlook

THE short interest in Singapore Airlines (SIA) stock has been increasing since May, making it the second-most shorted counter after AEM Holdings : AWX +0.85% in Singapore as at last Friday (Oct 13), S&P Global Market Intelligence data showed.

Singapore shares close Thursday lower amid global gloom; STI down 1.2%

SINGAPORE shares ended Thursday’s (Oct 19) trading session lower, reflecting a similarly downcast mood seen in key major markets within the region as well as in the US.