Daily Debrief: What Happened Today

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Temasek to allocate 30%-40% of portfolio in dynamic investments with higher expected returns

STATE investor Temasek will allocate between 30 per cent and 40 per cent of its portfolio – into dynamic investments that are forward-looking and focused on growth.

Private residential rents fall 2.2% in May: Savills

THE average median rent for private non-landed homes declined 2.2 per cent in May 2023, in contrast to the 2.4 per cent increase in the previous month, the Savills May 2023 Rental Guide indicated.

Amro cuts inflation forecast for Asean+3 on easing commodity prices, normalising supply chains

THE Asean+3 Macroeconomic Research Office (Amro) has cut its 2023 inflation forecast for the economies of Asean plus China, Japan and South Korea (Asean+3), due to easing global commodity prices and normalising supply chains.

MPA calls for proposals to design, promote adoption of full-electric harbour craft in Singapore

THE Maritime and Port Authority of Singapore (MPA) on Monday (Jul 10) launched an expression of interest (EOI) inviting proposals for the design and promote full-electric harbour craft in Singapore.

Temasek total shareholder return falls 5.1% for FY23, worst performance in 7 years

STATE investor Temasek reported a 5.07 per cent decline in its one-year total shareholder return for FY2023 ended March and a net portfolio value (NPV) of S$382 billion, down S$403 billion a year ago, as global asset valuations fell in the last year.

DBS to sell majority stake in AXS to private equity firm Tower Capital Asia

DBS has agreed to sell a 77.8 per cent stake in electronic payment services provider AXS to Tower Capital Asia, a private equity firm based in Singapore.

The STI today

Singapore stocks advance with focus on key US inflation data; STI up 0.5%

SINGAPORE shares finished higher for the second straight day on Tuesday (Jul 11), buoyed by China’s efforts to prop up its ailing property sector, and ahead of key US inflation data.