Daily Debrief: What Happened Today

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Economists still expect unchanged monetary policy after September’s headline inflation uptick

ECONOMISTS expect the Monetary Authority of Singapore (MAS) to stand pat at its next monetary policy review in January 2024 – the first in its new quarterly schedule – after Singapore’s headline inflation reversed from four months of declines to nudge up in September, and core inflation eased to an 18-month low.

Singapore to set up single gas buyer for power generation sector in 2024

SINGAPORE will establish an entity in 2024 as a single buyer of natural gas for the power generation sector in order to create a more stable and secure energy system, Minister for Trade and Industry Gan Kim Yong said on Monday (Oct 23).

Executive condo sellers remain among top profit gainers in Q3

SOME executive condominium (EC) homeowners in the suburbs or Outside Central Region (OCR) continued to score solid gains in the third quarter of 2023, with properties changing hands for nearly double their original prices. 

Singapore to appoint developer for low-carbon ammonia power generation and bunkering

THE Singapore government is a step closer to clean ammonia power generation as it plans a request for proposals on developing and operating ammonia combustion power plants and bunkering facilities in Jurong Island.

Rights issue ‘last priority’ for Suntec Reit as it targets S$100 million in strata divestments

RAISING capital via a rights issue to address gearing levels is the “last priority” for Suntec Reit, Chong Kee Hiong, chief executive of the manager, said on Monday (Oct 23).

Singapore shares fall amid rising US Treasury yields; STI down 0.8%

SINGAPORE shares continued their fourth straight session of declines on Monday (Oct 23) as US 10-year Treasury yields continued to hover near 5 per cent.