Daily Debrief: What Happened Today

Stories you might have missed

Time for Singapore premium to outshine Swiss finish

WEALTH managers and private bankers expect a step-up in client requests and fund movements this year, as the strength of Singapore’s financial system earns a premium amid widespread banking industry turmoil.

Local firms’ payment performance worsens slightly in Q1: SCCB

THE payment performance of local firms has deteriorated slightly in the first quarter of 2023 after a slight improvement in the fourth quarter of last year, said the Singapore Commercial Credit Bureau (SCCB) in a report on Tuesday (Apr 4). 

Charity Council introduces board-term limit, ESG concept to code of governance

THE Charity Council has published a revised code of governance for charities and institutions of a public character (IPCs).

UK software company Quantexa raises US$129 million in GIC-led round

SINGAPORE state investor GIC led a US$129 million Series E round by Quantexa, bringing the UK software company’s valuation to US$1.8 billion.

South-east Asian tech salaries set to cool in 2023, but specialists still in demand

TECH salaries in South-east Asia are expected to grow more slowly or even fall this year, coming off the highs of the past few years. But demand for specialists, such as software engineers and product heads, is still strong.

GuocoLand, Hong Leong Holdings tie-up is sole bidder for Lentor Gardens site at URA tender

AT this year’s maiden state land tender for a 99-year leasehold private housing site, a plot along Lentor Gardens in the Yio Chu Kang area drew just one bid.

The STI today

STI extends gains, finishes 0.9% up

SINGAPORE shares rose on Tuesday (Apr 4), extending the previous day’s gains and taking its cue from overnight gains in Wall Street, as contagion worries over recent banking woes in US and Europe appeared to have subsided. Even so, investors’ angst over inflationary pressures continued to persist.