Daily Debrief: What Happened Today

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Singtel dismisses report of Optus listing; analyst says flotation of Aussie unit now not optimal

MAINBOARD-LISTED telco Singtel is looking to list its Australian subsidiary, Optus, through an initial public offering (IPO), according to news outlet The Australian on Monday (Jun 27).

Singapore fixed-rate mortgages headed for 3%

MORTGAGE rates have continued to climb in Singapore as lenders here take their cue from the US Federal Reserve, with some market participants projecting fixed rates close to 3 per cent as inflation forces central banks to keep benchmark interest rates high.

Seeing value in non-property businesses owning property

THE return on equity (ROE) is a key metric that investors in listed equities focus on. Investors contribute equity to a business and entrust management to use the equity to generate returns.

No need to tighten Covid-19 measures for now but this cannot be ruled out: Lawrence Wong

THERE is no need to tighten safe management measures for now but this cannot be ruled out as more Covid-19 infections are reported, said Deputy Prime Minister Lawrence Wong.

Abrdn eyes growth from investment technology as it aims to be more than a fund manager

ASSET manager abrdn has been on a drive to transform itself, first with a new brand and now with technology. The company's chief executive Stephen Bird said he hopes to harness new technologies to be more client-focused and to diversify the group's sources of revenue.

The STI today

Singapore shares jump 0.8% on upbeat Wall Street gains

SINGAPORE shares rose on Monday (Jun 27), buoyed by sharp gains in Wall Street last Friday as fears somewhat eased over aggressive rate hikes by central banks given a string of weak macro data out of the US and many parts of the world.