Daily Debrief: What Happened Today (Jun 7)
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Far East Shopping Centre owners reject lower S$880 million offer; sale falls through
THE second attempt at a collective sale for Far East Shopping Centre has tanked, with the lower offer of about $880 million having failed to get enough backing from unit owners, sources told The Business Times.
BTO scheme led to early marriages but also more divorces: research
THE Housing and Development Board’s Build-to-Order (BTO) scheme may spur early marriages, but it may have also contributed to a higher propensity for divorce, a study by three National University of Singapore (NUS) professors showed.
Tight quarters, ticking clock: Local animal shelters face expiring tenancies – again
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CAUSES for Animals Singapore, a local animal welfare group, used to occupy a plot of farmland the size of a basketball court in Seletar.
Analysts anticipate more interest rate cuts with ECB expected to start ‘dialling back’
WHILE the latest interest rate cuts by the European Central Bank (ECB) came largely in line with market expectations, analysts anticipate further reductions in the year ahead.
Indonesia braces for wider deficit and swelling debt in 2025 budget plan
INDONESIA is set to face a larger budget deficit and a higher debt next year due to high interest rates and a weakened currency, said Finance Minister Sri Mulyani Indrawati.
Singapore stocks appear unfazed by ECB’s decision; STI once again flat
SINGAPORE shares ended Friday (Jun 7) barely changed, after the European Central Bank (ECB) delivered its first rate cut since 2019.
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