Daily Debrief: What Happened Today (Aug 5)

Stories you might have missed

Straits Times Index dives over 4.8% or 150 points as regional markets join global stock rout

FROM Tokyo to Taiwan, stock indexes in Asia-Pacific were swimming in a sea of red on Monday (Aug 5) after dismal unemployment data in the US last Friday triggered recession worries and a global sell-off.

Singapore retail sales down 0.6% in June, miss forecasts 

SINGAPORE’S retail sales fell 0.6 per cent year on year in June, reversing from the 2.2 per cent growth in May. Private-sector economists polled by Bloomberg had expected June’s retail sales to grow 3.8 per cent year on year.

Indonesia economy grows 5.05% in Q2, in line with expectations

Strong consumption and robust domestic activities have enabled Indonesia’s economy to sustain a growth rate above 5 per cent in the second quarter of this year.

Temasek appoints 3 external hires to senior management, including MTI perm sec Gabriel Lim

SINGAPORE investment company Temasek will appoint three new external hires, including a permanent secretary, to senior leadership roles over the next two months.

Manulife US Reit posts 27.5% lower H1 distributable income per unit of US$0.0129

MANULIFE US Real Estate Investment Trust (Reit)’s adjusted distributable income per unit for the first half ended Jun 30 declined 27.5 per cent year on year to US$0.0129, versus US$0.0178 in the year prior.

Singapore shares join global rout; STI dives 4.1%

SINGAPORE stocks had a steep sell-off on Monday – a scene that was played out elsewhere in the Asia-Pacific, after the global financial markets were rocked by recession fears arising from last Friday’s dismal employment data in the United States.