Daily Debrief: What Happened Today

Stories you might have missed

Singapore, Indonesia ink agreements on tech talent, smart cities during Jokowi’s visit

SINGAPORE and Indonesia are exploring cooperation in new areas such as tech talent and smart cities, even as the resolution of longstanding bilateral issues – including over airspace – continues, both leaders said at an annual leaders’ retreat in the city-state on Thursday (Mar 16).

Cut-off yield on latest six-month Singapore Treasury bill drops amid lower Fed rate hike expectations

AGAINST a backdrop of heightened volatility in the global financial markets, Singapore’s latest six-month Treasury bill (T-bill) had a cut-off yield of 3.65 per cent when the auction closed on Thursday (Mar 16). This was the lowest since last September’s 3.32 per cent.

LTA revises toll charges at Tuas Checkpoint effective Mar 31

SINGAPORE will revise its toll charges at Tuas Checkpoint to match Malaysia’s recent change of toll charges at the Tanjung Kupang Toll Plaza (Second Link).

CapitaLand Investment, CDL, UOL are top property picks on trading discount: CGS-CIMB

CGS-CIMB on Thursday (Mar 16) reiterated its “overweight” view on Singapore’s property sector, eyeing opportunities amid trading discounts in counters such as CapitaLand Investment, City Developments Limited (CDL) and UOL Group.

GIC, Temasek join US$6.5 billion fundraising of US fintech Stripe

SINGAPORE state investors GIC and Temasek are new investors in the latest US$6.5 billion fundraising by Stripe, which nearly halved the US fintech’s valuation to US$50 billion.

Corporate Earnings

• Top Glove reports RM164.7 million loss for Q2

The STI today

Singapore stocks slip 0.5% on Thursday as Asian markets tumble

AFTER snapping a five-day losing streak on Wednesday, Singapore stocks fell once again on Thursday (Mar 16), tracking a broader regional decline as banking sector concerns continue to weigh on markets.