Daily Debrief: What Happened Today

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Singapore core inflation climbs to 5.1% in August; prices to stay elevated in coming months

SINGAPORE’S core inflation climbed to a new high of 5.1 per cent in August, the third straight month in which it exceeded the 4 per cent rate last breached during the global financial crisis, figures from the Department of Statistics released on Friday (Sep 23) showed.

Singapore-Tokyo economy airfares cross S$2,000 mark as Japan lifts restrictions on tourists

AS JAPAN resumes the reopening of its borders, flight tickets from Singapore to Japan are creeping upwards. A return economy ticket on Singapore Airlines (SIA) to Tokyo’s Haneda Airport from mid to end-December now costs more than S$2,000, according to Google Flights data.

Singapore overtakes Hong Kong in world financial centres ranking

SINGAPORE has overtaken Hong Kong to become Asia’s top financial centre - and the third in the world - according to a new report that puts New York and London in the first and second spots.

DBS, UOB review fixed-rate home loans as latter ceases offering

UOB and DBS are currently reviewing the interest rates on their fixed-rate home loans, with UOB temporarily ceasing its offering, after the Federal Reserve made another interest rate hike.

Accredited investors can now trade crypto on DBS mobile app

DBS wealth clients who are accredited investors can soon trade cryptocurrencies via the bank’s mobile banking app DBS digibank.

The STI today

Singapore stocks stumble on inflation woes; STI falls 1%

THE Straits Times Index (STI) tumbled 1.1 per cent or 35.97 points to close at 3,227.10 on Friday (Sep 23), as Singapore’s higher-than-expected headline inflation figures for August caught market watchers by surprise.