Daily Debrief: What Happened Today

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Inflation in Singapore expected to peak in Q4 and stabilise: Lawrence Wong

INFLATION in Singapore is expected to peak in the next 2 to 4 months and will start to ease thereafter, said Deputy Prime Minister and Finance Minister Lawrence Wong.

SE Asia spent US$3.7b on bubble tea in 2021; Indonesia tops list: report

BUBBLING excitement for bubble tea across South-east Asia has helped the industry grow to a whopping US$3.7 billion in 2021 — spent on both bubble tea and similar “new tea” drinks, according to a study published on Tuesday (Aug 16).

3 APAC co-working firms merge, eye IPO

REGIONAL co-working companies the Hive, Common Ground and The Cluster have merged to form a new company – The Flexi Group – that wants to roll up other industry peers across Asia, and head for an initial public offering (IPO).

Crypto platform Hodlnaut applies for judicial management in Singapore

DISTRESSED crypto platform Hodlnaut has applied to the Singapore High Court to be placed under judicial management, becoming the latest company to turn to the courts after the Terra-Luna collapse sparked a devastating domino effect.

ThaiBev, Frasers Property in joint venture for potential 2.2b baht investment

THAI Beverage (ThaiBev) and Frasers Property have established a 50:50 joint venture (JV) company in Thailand with an initial registered capital of 50 million baht (S$1.9 million).

The STI today

Singapore stocks post second consecutive day of losses; STI dips 0.1%

SINGAPORE shares fell for the second consecutive trading day on Tuesday (Aug 16), as worries of the usual suspects – interest rate hikes and inflation – continue to plague markets.