Daily Debrief: What Happened Today (Jun 13)

Stories you might have missed

‘Door open’ for multiple cuts this year despite Fed’s move to hold rates steady

DESPITE the US Federal Reserve dialling back on its forecast for cuts following its latest policy meeting, analysts say that the “door is open” for two cuts this year, with most expecting the first to come as early as September.

Pall Corp to double production capacity with new US$150 million facility in Singapore

AMERICAN filtration solutions producer Pall Corporation on Thursday (Jun 13) officially opened a US$150 million manufacturing facility in Singapore to support the global demand for chips.

URA launches Dairy Farm, Tengah, Bayshore sites for close to 2,000 homes

THE Urban Redevelopment Authority (URA) on Thursday released three residential sites for tender under the first half of the 2024 government land sales programme.

All government SMSes to come from a single ‘gov.sg’ sender ID by Jul 1

ALL Singapore government agencies will send out SMSes under a new “gov.sg” sender ID while disseminating official communications to the public, instead of using individual agencies’ sender IDs.

LYC Healthcare withdraws plan to list Singapore unit, citing market conditions

LYC Healthcare, a Malaysia-listed group specialising in healthcare services for children and mothers, has withdrawn its proposal to list its subsidiary LYC Medicare Singapore on the Catalist board of the Singapore Exchange.

Singapore shares rise on lower US inflation, rate-cut possibility; STI up 0.5%

SINGAPORE shares ended higher on Thursday, as markets were encouraged by easing US Consumer Price Index figures and the possibility of more interest-rate cuts by the US Federal Reserve.