Daily Debrief: What Happened Today

Stories you might have missed

China’s first publicly traded rental property Reits snapped up by investors

CHINA’S first batch of publicly traded rental property real estate investment trusts (Reits) was snapped up in Shanghai and Shenzhen by yield-hungry investors this week, opening up a new financing channel for the struggling real estate sector.

Big 3 delivery platforms launch own industry association

SINGAPORE’S 3 largest delivery platforms, Deliveroo, foodpanda and Grab have banded together to launch their own industry association, as the debate over platform worker welfare heats up.

Apple targets Sep 7 for iPhone 14 launch in flurry of devices

APPLE is aiming to hold a launch event on Sep 7 to unveil the iPhone 14 line, according to people with knowledge of the matter, rolling out the latest version of a product that generates more than half its sales.

Koh Boon Hwee to be SGX chairman from Jan 1

AS PART of its board renewal process, the Singapore Exchange (SGX) on Thursday (Aug 18) announced that its current chairman Kwa Chong Seng, will be stepping down on Dec 31.

OCBC expects fledgling electric vehicle loan business to more than triple by year-end

OCBC Bank said on Thursday (Aug 18) that its “Eco-Care” electric vehicle (EV) loan business has more than doubled since launching in March 2021.

Corporate Earnings

• SGX H2 profit up 13.2% to S$232.7m, sees higher derivatives volume in FY22

The STI today

Singapore stocks end higher on Thursday, bucking regional trend; STI up 0.3%

SINGAPORE shares ended Thursday’s (Aug 18) trading session in the black, emerging as the only winner among key regional indices that took a hit on the back of hawkish comments from the Federal Reserve.