Daily Debrief: What Happened Today
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SMEs cut back on capital expenditure as interest rates rise
HIGHER domestic interest rates may not have hit Singapore’s small and medium-sized enterprises (SMEs) that hard yet, thanks to pandemic-era loan schemes – but amid a global rising rate environment, some are cutting back on capital expenditure to avoid taking on fresh loans.
SIN Capital investors aggrieved as their fate remains cloudy in RRJ’s buyout of Fullerton Health
WITH a major buyout deal of troubled Fullerton Healthcare Corp (Fullerton Health) by white knight RRJ Capital merely days from closing, some indirect investors of SIN Capital are feeling angsty as they remain in the dark over the fate of their investments.
FB posts on new project at Chuan Park: A case of putting cart before the horse?
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THE ink has barely dried on the Chuan Park en bloc deal - which is subject to various approvals - but social media posts have already appeared concerning a supposed new development that will take its place.
Frasers Centrepoint Trust offers realistic assessment of office rental trend outside CBD
DEMAND for prime office spaces in the Central Business District (CBD) has heated up, with Keppel Reit’s manager revealing in a briefing on Tuesday (Jul 26) that its recent lease signings are in the range of high S$9 to mid S$13 per square foot per month.
Singapore Savings Bonds applications for August issue surge by 85%
SINGAPORE Savings Bonds (SSBs) continued to see solid demand as the 10-year average return for the August issue rose to a record high of 3 per cent.
Corporate Earnings
- ESR-Logos Reit eyes up to S$450m divestments to rejuvenate portfolio; H1 DPU down 6%
- Suntec Reit’s H1 DPU up 15.8% on higher income
The STI today
Singapore stocks rise amid tepid trading in Asia; STI up 0.4%
THE Straits Times Index (STI) climbed 0.4 per cent or 13.02 points to close at 3,205.14 points on Wednesday (Jul 27) as investors held their breath ahead of a key United States Federal Open Market Committee (FOMC) meeting tonight.
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