Daily Debrief: What Happened Today

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SPAC listings nudge Singapore IPO market to busiest H1 in 5 years

THE 3 recently listed Special Purpose Acquisition Companies (SPACs) have generated “strong interest” and raised a total of initial public offering (IPO) proceeds of about S$528 million, leading Singapore’s IPO market to its busiest half year in five years.

‘Forward Singapore’ roadmap to engage Singaporeans through 6 pillars: Lawrence Wong

THE nationwide Forward Singapore exercise, which aims to review and refresh the country’s social compact, will be organised along 6 pillars, each headed by fourth generation (4G) leaders.

Singapore Savings’ Bond 10-year average return rises to 2.71%, the highest since 2015

THE 10-year average return for the July issue of Singapore Savings’ Bond (SSB) soared to one of its highest at 2.71 per cent, just a few basis points short of its last peak in November 2015.

Singapore businesses see 50% increase in B2B bad debt write-offs: Atradius

AMID increased awareness of payment default risk, businesses in Singapore have seen an “alarming” 50 per cent increase from 2021 in bad debts that could not be collected, credit insurance provider Atradius said in a Tuesday (Jun 28) press release.

Two major private home launches slated for July

AFTER 9 years in the rental market, luxury development Cape Royale at Sentosa Cove is now being launched for sale.

The STI today

Singapore stocks eke out slight gains amid recession, inflation worries; STI up 0.1%

SINGAPORE shares ran out of steam and traded underwater through most of Tuesday (Jun 28), although an uphill struggle in the final hour paid off with marginal gains, as caution set in with lingering inflation and recession worries.