Daily Debrief: What Happened Today

Stories you might have missed

Singapore hotels rake in highest average room rate in 10 years in July

SINGAPORE hotels’ average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, latest data from the Singapore Tourism Board (STB) showed.

Digital banks stake out customer segments, but early returns likely limited

IN the space of a week, 2 of the 3 expected retail digital banks have launched in Singapore: Trust Bank opened on Thursday (Sep 1), while GXS Bank made its services available to a select group within the Grab and Singtel ecosystem the day before.

NTUC says SMSes with clickable links about OCBC card cancellation were ‘service announcement’

IN AN effort to inform OCBC Plus! Visa cardholders about a change in partner bank for its Link Rewards loyalty programme, NTUC’s FairPrice Group sent out SMSes with clickable links on Thursday (Sep 1).

Gogoro awarded LTA battery-swapping sandbox pilot, partners Jardine C&C

GOGORO has been awarded a sandbox pilot by Singapore’s Land Transport Authority (LTA) to deploy and validate battery swapping as a means for next-generation smart mobility.

As recession fears loom large, can the Fed finesse a ‘soft landing’?

WALL Street strategists are increasingly sceptical that the US Federal Reserve can finesse a “soft landing”, and return the soaring hot-air balloon of inflation back to earth without bringing the US economy crashing down with it.

The STI today

STI slips 0.57% ahead of key risk trigger - US labour market data release

SINGAPORE shares wrapped up the week’s trading on a low note, follwing the “Sell in September” theme, as caution ruled ahead of a key risk trigger – the release of US labour market data. If favourable, it could indicate that the US Federal Reserve has more room to aggressively raise rates.