Daily Debrief: What Happened Today

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Singapore’s Q2 business outlook deteriorates for fifth consecutive quarter: Singapore Commercial Credit Bureau

“THE outlook for local businesses has deteriorated slightly owing to a slowdown in manufacturing and wholesale trade sectors,” said SCCB chief executive Audrey Chia.

Sub-sales in private property at 10-year high in 2022

WHILE still a fraction of the 4,862 sub-sale deals recorded during the housing market’s peak in 2007, the rising numbers point to a return of trading momentum in a market where buying activity has been damped by cooling measures.

Founder of failed Sun Electric ordered to pay claimant for defaulting on ‘friendly loan’

THE Singapore High Court ordered Matthew Peloso, founder of the wound-up solar company, to pay Kumar Vikram some S$366,025 at 5.33 per cent per annum interest from the date of the claim. Peloso was also ordered to pay judgment and costs of S$3,061.20.

Stemming tide of SVB collapse may create other ripples

MARKET participants now believe the European Central Bank will either delay or reduce an expected interest rate hike on Thursday, and planned rate rises by the US Federal Reserve and the Bank of England in the coming weeks may also be smaller until the ongoing Silicon Valley Bank (SVB) crisis is contained.

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Daily Debrief: What Happened Today

Sea’s MariBank launches to select members of the public

MARIBANK is only offering a savings account for now, with an interest rate of 2.5 per cent per annum, credited daily. The bank will not offer tiered interest rates, such as giving extra interest for crediting salaries. 

The STI today

Reits notch healthy gains even as STI falls 0.1% amid regional decline

THE benchmark Straits Times Index (STI) fell 0.1 per cent or 2.62 points to close at 3,129.75, even though half the constituents ended the day higher.