Daily Debrief: What Happened Today

Stories you might have missed

DPM Wong to deliver 2023 Budget statement on Feb 14

SINGAPORE’S Deputy Prime Minister (DPM) and Minister for Finance, Lawrence Wong, is set to deliver Singapore’s FY2023 Budget statement in Parliament on Feb 14, 2023.

Minister draws flak for blaming Malaysian inflation on consumer spending habits

MALAYSIA’S Economy Minister Rafizi Ramli has come in for some flak after his recent comments on inflation and consumer spending habits, which several economists have taken issue with.

10 Singapore stocks to watch in 2023

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GLOBAL markets have been rocked by high inflation and interest rates this year and sentiment remains cautious heading into 2023, with fears of potential recessions in major economies.

CapitaLand Investment and JV partner to divest Pune IT park to CapitaLand India Trust for 13.5b rupees

A WHOLLY owned subsidiary of CapitaLand Investment and its joint venture partner have agreed to divest International Tech Park Pune, Hinjawadi to CapitaLand India Trust for 13.5 billion rupees (S$221.9 million).

SPH Reit to rename as Paragon Reit from January 2023

SPH Real Estate Investment Trust (Reit) will be renamed to Paragon Reit as the name change will better reflect the trust’s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29).

As Sora dips below 3%, what’s in store for mortgage rates in 2023?

MANY are unaware that spot Sora, or the daily overnight rate, has been trending down below 3 per cent in recent weeks. On some days, it even dropped below 2 per cent.

The STI today

Singapore shares track Wall Street losses on Thursday; STI down 0.5%

SINGAPORE shares closed lower on Thursday (Dec 29), tracking losses on Wall Street.