Daily Debrief: What Happened Today (Sep 18)

Stories you might have missed

OCBC makes S$500 million bet on Punggol Digital District innovation hub and SIT partnership

OCBC will invest about S$500 million into building its new innovation hub in the Punggol Digital District.

Mainstream car, open category COEs hit new 2024 highs as passenger car COEs rise across the board

THE premiums for passenger cars’ Certificates of Entitlement (COE) rose in September’s second round of bidding, with the open category and the category for mainstream cars both hitting new highs in 2024.

Private equity AUM to more than double by 2029, but Apac may lag global average

GROWING interest from non-institutional investors – including family offices and individual investors – will help support a 106 per cent increase in private equity assets under management (AUMs) over the six years to 2029, said private markets data provider Preqin.

Indonesia’s central bank delivers surprise 25 bps rate cut

BANK Indonesia (BI) unexpectedly cut its benchmark interest rate on Wednesday (Sep 18), marking its first reduction in the past three years.

Vietnam seeks Singapore’s help as more firms here found linked to convicted tycoon Truong My Lan

VIETNAM’S largest fraud case, involving property tycoon Truong My Lan, allegations of laundering trillions of dong and the illegal transfer of billions in US dollars across borders for over a decade, enters its second trial this week, with more Singapore-based companies now implicated.

Banks to roll out Singpass face verification for customers setting up digital tokens

MAJOR retail banks in Singapore will progressively introduce Singpass Face Verification (SFV) over the next three months as part of the process for retail banking customers setting up digital tokens.

Singapore stocks break seven-day winning streak; STI ends flat

SINGAPORE shares fell very slightly on Wednesday (Sep 18), on the eve of an expected cut to interest rates by the Federal Reserve.