Daily Debrief: What Happened Today (Aug 27)

Stories you might have missed

CareShield Life to be enhanced; S$570 million in government premium support over five years

[SINGAPORE] Policyholders of CareShield Life, the national long-term care insurance, will enjoy a doubling of the annual growth rate of payouts in an effort to help defray the rising cost of care.

SingPost introduces new postal service for firms as tariff exemption for sending low-value goods to the US set to end on Aug 29

[SINGAPORE] Singapore Post (SingPost) has introduced a new service for corporate customers to send parcels to the US after suspending standard postal services for commercial items sent there.

Offshore wind power projects in the Philippines cast sails in unchartered waters

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[SINGAPORE] The Philippines’ latest green energy auction has lured investors to its offshore wind push, but experts caution that the country’s 2030 target of 3.3 gigawatts (GW) may be overly ambitious, given the long lead times and complex approvals such projects demand.

Temasek’s SeaTown raises more than US$612 million in first close of third private credit fund

[SINGAPORE] SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (Aug 27) it has closed its third private credit fund after investors committed more than US$612 million.

Hongkong Land leans on ‘hotelification’ to boost Singapore office portfolio performance

[SINGAPORE] At Marina Bay Financial Centre Tower 2, concierge staff weave through crowds in the lobby, greeting visitors and assisting them with their enquiries. 

Singapore shares end flat amid Fed pressure and ahead of Nvidia earnings release

[SINGAPORE] Local stocks ended Wednesday (Aug 27) unchanged while regional markets closed mixed, as investors weighed political pressure on the US Federal Reserve and awaited a key earnings report from artificial intelligence (AI) chip giant Nvidia.