Daily Debrief: What Happened Today

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DBS maintains ROE expectations of 17% next year as it seeks to strengthen infrastructure

SINGAPORE’S largest lender, DBS, is expecting a return on equity “north of 17 per cent” next year, with an emphasis on strengthening its infrastructure to withstand future shocks, said its chief executive Piyush Gupta in its third quarter earnings briefing on Monday (Nov 6).

Singapore may add provision on culture to corporate governance code

SINGAPORE will assess if it should introduce a new provision in its corporate governance code to promote good company culture, Monetary Authority of Singapore (MAS) managing director Ravi Menon said.

Private-hire demand ‘unlikely’ a main driver of high COE prices: Chee Hong Tat

PRIVATE-HIRE cars are unlikely to be the main factor driving up certificate of entitlement (COE) prices, as they have been accounting for a lower share of COEs, Acting Transport Minister Chee Hong Tat said on Monday (Nov 6).

Leasing volume of luxury homes up in Q3 while transaction volumes fall: Huttons Asia

RENTAL transaction volumes for non-landed luxury homes continue to rise in the third quarter of 2023, up 13.6 per cent compared to the previous quarter, Huttons Asia’s market report indicated on Monday (Nov 6).

Sembcorp to make S$10.5 billion renewables investment in brown to green transition

SEMBCORP Industries will invest about S$10.5 billion in renewables, it said on Monday (Nov 6) in its 2023-2028 strategic plan announcement.