Daily Debrief: What Happened Today (Jul 17)

Stories you might have missed

Allianz seeks 51% Income Insurance stake in 1.5 billion-euro deal

GERMAN financial services giant Allianz plans to acquire 51 per cent of Singapore-based insurer Income Insurance at S$40.58 per share. The deal amounts to some 1.5 billion euros (S$2.2 billion), Allianz announced on Wednesday (Jul 17).

Singapore’s key exports down 8.7% in June, deeper than expected

SINGAPORE’S key exports posted a deeper year-on-year decline in June, to the surprise of analysts who had been expecting a milder contraction.

ADB maintains status quo on South-east Asia growth forecasts as domestic, external demand improve

THE Asian Development Bank (ADB) held steady its growth projections for South-east Asia in 2024 and 2025 on “solid improvement” in domestic and external demand.

Possible overpayments, weakness in controls among lapses flagged by national auditor

SINGAPORE’S national auditor has flagged several public agencies for lapses in areas such as procurement and contract management, in its latest annual audit of the government’s accounts.

COE premiums largely flat in July’s second round of bidding

CERTIFICATE of Entitlement (COE) prices remained stable in July’s second round of bidding, with the most significant change being the motorcycle category’s 2.1 per cent increase.

Semiconductors 101: Chips, wafers and how they’re made

CHIPS, wafers and semiconductors – these terms are often used interchangeably, but they do not technically refer to the same thing.