Daily Debrief: What Happened Today (Aug 25)

Stories you might have missed

Singapore’s core inflation eases to 0.5% in July, below forecasts

[SINGAPORE] Core and headline inflation slowed in July, contrary to economists’ expectations that both would hold steady at their June rates.

Sora expected to remain low, but analysts say further decline limited 

[SINGAPORE] Analysts expect there is a limit to the decline in Singapore’s benchmark interest rates ahead, especially as Sing dollar rates are currently already at a historically wide discount from US dollar rates.

Singapore should aim to grow faster than eventual 2-3% long-term rate: Gan Kim Yong

[SINGAPORE] The Republic should aim to “grow as much as (it) can” in the next few years, so that it will be “a much bigger economy” when its growth rate stabilises, said Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong on Monday (Aug 25).

Chicken, coffee and boycotts: Can global F&B brands bounce back in S-E Asia’s Muslim markets?

[JAKARTA] Western food and beverage (F&B) franchises in Indonesia and Malaysia are facing one of their toughest challenges in years, caught between consumer boycotts tied to the Middle East conflict and a broader slowdown in household spending, with analysts warning that a full recovery could take some time.

Keep Vers for HDB flats simple and fair

[SINGAPORE] There is ample time to develop the framework for the voluntary early redevelopment scheme (Vers), as the scheme – which has yet to be rolled out – will be implemented only from the first half of the 2030s.  

Up to 20% hike in KrisFlyer miles redemption on SIA from Nov 1; move comes amid bid to boost Scoot redemptions

[SINGAPORE] Singapore Airlines (SIA) on Monday (Aug 25) announced a hike in its KrisFlyer redemption and upgrade rates across most route and cabin classes – the first adjustment since 2022.

Singapore shares close higher on Monday as inflation eases; STI up 0.1%

[SINGAPORE] Stocks on the local bourse closed higher on Monday (Aug 25) after the Republic reported that core inflation eased to 0.5 per cent in July, while headline inflation slowed to 0.6 per cent.