Daily Debrief: What Happened Today (Aug 13)

Stories you might have missed

Singtel Q1 profit soars 317.4% to S$2.9 billion on exceptional gains of S$2.2 billion

[SINGAPORE] Singtel on Wednesday (Aug 13) posted a higher net profit for its first quarter ended Jun 30, 2025, at S$2.9 billion, up 317.4 per cent from S$690 million in the year-ago period.

Singapore companies improve slightly on corporate governance; Sats retains top spot in key index

[SINGAPORE] Companies listed on the Singapore Exchange have slightly improved their corporate governance practices and transparency in financial disclosures, going by an annual scorecard developed by industry and accounting bodies as well as academics.

Apac employers rethink employee benefits spend to draw talent, manage costs: survey

[SINGAPORE] Asia-Pacific (Apac) firms are rethinking their employee benefit strategies amid rising costs and stiff competition for talent, according to a survey by Nasdaq-listed global advisory firm WTW.

CDL H1 profit up 3.9% at S$91.2 million on robust condo sales; declares higher special dividend of S$0.03 per share

[SINGAPORE] Property developer City Developments Ltd (CDL) posted a 3.9 per cent year-on-year rise in first-half net profit to S$91.2 million on Wednesday (Aug 13).

Haidilao to close Clarke Quay outlet on Aug 31; exit follows three earlier outlet closures

[SINGAPORE] Popular Chinese hotpot chain Haidilao is closing its flagship Singapore outlet at Clarke Quay on Aug 31 as its lease expires.

Indonesia’s mining quota U-turn risks raising operational costs and hurting investment: analysts

[JAKARTA] Indonesia’s plan to shorten the validity of mining output quotas from three years to one year could heighten regulatory uncertainty, increase operational costs and discourage long-term investment, analysts warned, even as the government said that the measure will help control supply and stabilise prices.

Shopee, Monee power Sea’s value to over US$100 billion; DBS only other Singapore company in that league

[SINGAPORE] Sea Ltd soared on the New York Stock Exchange (NYSE) as investors excited by its second-quarter earnings jump poured into the counter.