Daily Debrief: What Happened Today (Aug 19)

Stories you might have missed

Two-thirds of Singapore consumers optimistic about local economy, but over half lack financial preparedness: survey

SINGAPORE consumers are more optimistic about the local economy, with more than two-thirds of respondents (68 per cent) expressing confidence in the current economic environment.

Property groups should sell low-yielding investment properties, go slow in raising debt

ACCESS to debt appears fine for Singapore-listed property groups. Frasers Property announced in July that it had secured a sustainability-linked loan amounting to around S$904 million, comprising an Australian dollar tranche and a US dollar tranche.

Global digital economy will hit US$16.5 trillion by 2028: report

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RESEARCH and advisory company Forrester released its report, Global Digital Economy Forecast, 2023-2028, on Monday (Aug 19) revealing that the digital economy will reach US$16.5 trillion and capture 17 per cent of global GDP by 2028.

Pacific International Lines adds 5 LNG dual-fuel container vessels to fleet

SINGAPORE container carrier Pacific International Lines (PIL) is in the process of renewing its fleet, with an order for five liquefied natural gas (LNG) dual-fuel container vessels. Each one has a capacity of 13,000 twenty-foot equivalent units (TEU).

Soft landing bets for US economy lift investor sentiment; STI up 0.1%

SINGAPORE shares rose on Monday (Aug 19), amid expectations of a soft landing for the US economy, after Federal Reserve members flagged the possibility of easing monetary policy over the weekend.