Daily Debrief: What Happened Today (Jan 30)

Stories you might have missed

Singapore’s 2023 investment commitments down 44% at S$12.7 billion, but still above EDB target range

SINGAPORE attracted S$12.7 billion in fixed asset investment (FAI) commitments in 2023, a sharp fall from record figures in 2022, but still above the country’s medium-to-long-term goals, said the Singapore Economic Development Board (EDB) at its annual year in review on Tuesday (Jan 30).

BYD becomes first China car brand in Singapore’s top 10; Toyota, Mercedes-Benz and BMW remain top three

BYD has become the first car brand from China to rank among Singapore’s top 10 best-sellers, jumping to fifth place and becoming the top electric vehicle (EV) brand in 2023. Toyota, Mercedes-Benz and BMW stood their ground as the three best-selling car brands here.

CLCT’s H2 DPU falls 11.8% to S$0.03 on slightly enlarged unit base, distribution reinvestment plan

CAPITALAND (CLCT) on Tuesday (Jan 30) posted an 11.8 per cent decline in distribution per unit (DPU) to S$0.03 for the second half ended Dec 31, 2023, from S$0.034 in the same period the previous year.

Seatrium expects larger full-year loss on asset surplus write-down

SEATRIUM expects a financial loss for FY2023, that is “significantly higher than the previous year”, based on its profit guidance on Tuesday (Jan 30).

Grab captures 55 per cent of S-E Asia’s food delivery market in 2023

GRAB led the food delivery market in South-east Asia in 2023, accounting for nearly 55 per cent of the food delivery gross merchandise value (GMV) in the region, according to a report by Momentum Works.

Singapore stocks track Wall Street gains on Tuesday; STI up 0.3%

SINGAPORE shares ended higher on Tuesday (Jan 30), mirroring overnight gains over in the US market.