Daily Debrief: What happened today
Stories you might have missed
Banks, consumer sectors likely to come out tops in Q4 earnings; cost pressures could surface
Local companies that could deliver the best financial results for the fourth quarter of 2022 are those that have been able to capitalise on elevated interest rates and the reopening of economies around the world as the Covid-19 pandemic wanes, market watchers polled by The Business Times said.
Infrastructure plays gaining traction as investors seek uncorrelated returns
As investors seek stable, resilient returns amid slowing macroeconomic conditions, attention is turning to the infrastructure sector, especially in the energy and transportation segments.
Wealthy foreigners gain less from buying Singapore property through family offices, experts say
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While foreign interest in Singapore properties has been on the rise in recent years, wealthy foreigners are likely buying assets under their individual names – instead of through their family offices – to circumvent financial disincentives.
Higher interest rates no hindrance to innovation, say industry watchers at Davos
Fears that a high-interest-rate environment will hinder innovation or private capital investment are overblown, according to private investors and financial regulators attending the World Economic Forum. But they do see room for some correction of valuations, and for more regulation in some parts of the financial ecosystem.
US$1.1b nickel scam accused Ng Yu Zhi faces possibly over 20 years in jail if convicted
Alleged nickel trading fraudster at the centre of a US$1.1 billion scam, Ng Yu Zhi faces the spectre of a lengthy imprisonment exceeding 20 years if convicted, now that his case is to be heard by the High Court.
The STI today
Singapore shares track Wall Street losses; STI down 0.4%
Singapore shares finished trading lower on Thursday (Jan 19), after Wall Street clocked overnight losses following softer economic readings that sparked recession worries.
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