Daily Debrief: What Happened Today (Sep 16)

Stories you might have missed

MAS ready to make bold changes to revitalise equities market: Chee Hong Tat

TO REVIVE Singapore’s equities market, the Monetary Authority of Singapore (MAS) is ready to make bold yet necessary changes after carefully reviewing their trade-offs, said Transport Minister and Second Finance Minister Chee Hong Tat on Monday (Sep 16).

Developers’ new home sales shrink to lowest for the month of August in 17 years

NEW private home sales slumped in August, as developers sold 208 new units during the seasonally quiet Ghost Month period, but sales are also down 47 per cent from the year-ago period. 

False alarm no longer? Recession fears continue to spook US stock market

FOR the second time in a little over two months, the US stock market is experiencing fears of a recession. This time, it might not be a false alarm, with dire economic data in China and some early signs of the US following suit.

Number of single family offices awarded tax perks hit 1,650 as at end-August

THE Monetary Authority of Singapore had, as at the end of August, awarded tax incentives to some 1,650 single family offices (SFOs).

Win-win investment property deals exist, but lower interest rates raise risk of bad deals

Sometimes, win-win deals do not exist. In trading a pair of currencies, one party benefits from a particular currency strengthening while the counterparty suffers a loss.

Singapore stocks rise ahead of expected interest rate cuts; STI hits new 52-week high

SINGAPORE stocks rose on Monday (Sep 16) ahead of a widely anticipated interest rate cut to be announced by the US Federal Reserve on Sep 18.