Daily Debrief: What Happened Today

Stories you might have missed

Firms more optimistic about business prospects in Q4 though profits declined: survey

SINGAPORE firms are much more optimistic about business prospects for the next 6 months, compared to the third quarter of 2021, the latest quarterly Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey has found.

Demand up for ART test kits amid surge in community cases, return to office

A COMBINATION of Chinese New Year festivities, more people returning to workplaces and a surge in community cases of the coronavirus have led to a surge in demand for antigen rapid test (ART) kits.

Keppel to commence arbitration proceedings against SPH

KEPPEL Corp has filed a notice of arbitration with the Singapore International Arbitration Centre (SIAC) to commence arbitration proceedings against Singapore Press Holdings (SPH) over a dispute linked to an attempted termination of an agreement between the two companies.

Buying Singapore property after cooling measures: Fomo or wait and see?

FROM a capital appreciation perspective, is it wiser to bide your time amid new cooling measures, or act on the "fear of missing out" (Fomo) and rush to snap up properties? In its analysis of historical sales data, the Institute of Real Estate and Urban Studies (IREUS) found that properties purchased 2 years after a round of cooling measures tended to achieve stronger capital appreciation than those acquired in the same year the measures were implemented.

Philippines digital bank operator Tonik Financial raises US$131m in Series B round led by Mizuho Bank

TONIK Financial has raised US$131 million in Series B funding led by Mizuho Bank and new investors including Prosus Ventures, Sixteenth Street Capital and Indonesian family office Nuri Group.

Franklin Templeton, F10 to launch incubator for early-stage fintech startups

GLOBAL asset management firm Franklin Templeton and F10 Global Innovation Network Singapore are launching a joint incubation programme in Singapore targeted at early-stage fintech startups.

The STI today

Singapore stocks end midweek trading day in the black, STI up 0.5%

LOCAL shares advanced further on Wednesday (Feb 9), as traders paid little heed to another 5-figure locally transmitted coronavirus case count on Tuesday, as well as any possible worries over inflation data.