Daily Debrief: What Happened Today (Aug 7)

Stories you might have missed

DBS looks to volume growth to mitigate falling interest rates; stock soars to record high, hits S$50 mark

[SINGAPORE] DBS expects deposits volume growth will continue to support net interest income for 2025, even as its net interest margin (NIM) declines due to falling interest rates, said chief executive Tan Su Shan.

Trump tariffs kick in today. How will Singapore, South-east Asia be affected? Here’s what you need to know

[SINGAPORE] A few rounds of tariff rates have been announced this year, as US President Donald Trump set initial baseline rates and countries rushed to reach new deals.

UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss

[SINGAPORE] UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now broadly lower.

SingPost sells 10 HDB shophouses to Union Gas chairman for S$55.5 million

[SINGAPORE] Singapore Post (SingPost) has sold 10 Housing & Development Board (HDB) shophouses for S$55.5 million, after putting them up for sale and leaseback earlier this year.

Singapore new corporate debt issuance up 34% to S$308 billion in 2024

[SINGAPORE] The corporate debt market saw robust growth in 2024, with new debt issuances rising 34 per cent year on year to S$308 billion.

Singapore shares rise, mirroring regional gains despite tariff kick-off; STI up 0.7%

[SINGAPORE] Local stocks closed higher on Thursday (Aug 7), extending their winning streak to a fourth consecutive session, in line with broader gains across Asian markets. This came even as higher tariff rates imposed by US President Donald Trump on dozens of trading partners took effect.