Daily Debrief: What Happened Today

Published Fri, Aug 19, 2022 · 06:30 PM
    • Crypto platform Hodlnaut says that it is exploring options for users to make withdrawals.
    • Crypto platform Hodlnaut says that it is exploring options for users to make withdrawals. PHOTO: REUTERS

    Stories you might have missed

    Crypto platform Hodlnaut explores user deposit withdrawals, lays off 80% of staff

    CRYPTO platform Hodlnaut says it is exploring the option of allowing users to withdraw their deposits and interest at a discounted rate, but will have to review and have the process approved by the judicial manager.


    Tee International to issue new shares worth S$7.5 million, proposes debt restructuring

    TEE International has entered into a conditional subscription agreement with Meta5 to issue new shares in the company worth S$7.5 million.


    Higher interest rates aren’t deterring property buyers, but a lower borrowing cap could

    Asean Intelligence

    Get insights into businesses across South-east Asia

    Get the free report

    PRICE is a function of supply and demand. Economic theory dictates that higher prices should negatively affect demand, which in turn boosts supply. For months however, Singapore’s red-hot property market has been defying such expectations.


    Serangoon Garden shophouse up for sale with S$9.68m guide price

    A 2-STOREY inner terrace shophouse at Serangoon Garden Way has been launched for sale at a guide price of S$9.68 million, the property’s marketing agent JKL Consultants announced on Friday (Aug 19).


    As demand wanes, Asia’s export growth may slip into negative territory in early-2023

    ASIA’S export growth is likely to slump from its mid-teens to the low single-digits by the end of this year, and fall into negative territory in early-2023, as demand from China, the US and Europe slows down, economists warn.


    Corporate Earnings


    The STI today

    Singapore stocks end week on a dour note, STI down 0.8%

    LOCAL shares ended the trading week in the red, as investors took stock of inflation levels and potential hikes in interest rates in the months ahead. 

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services