Daily Debrief: What Happened Today (Jul 10)

Stories you might have missed

DPM Gan to visit US for trade talks; new grant of up to S$100,000 for tariff-hit businesses

[SINGAPORE] Deputy Prime Minister Gan Kim Yong will head to the United States later this month for trade talks, while his tariff task force prepares to launch a grant of up to S$100,000 for affected businesses.

SIA-MAS pact to pip AirAsia’s seat share on Singapore-KL route

[SINGAPORE / KUALA LUMPUR] A planned tie-up between Singapore Airlines (SIA) and Malaysia Airlines (MAS) is set to upset the pecking order on the busy Singapore-Kuala Lumpur route, threatening AirAsia’s long-held grip on the world’s fourth-busiest air corridor in 2024.

Singapore has the opportunity to become a global hub for advanced chip packaging: study

[SINGAPORE] Singapore is in prime position to become a global hub for advanced chip packaging, which could become a cornerstone for local semiconductor industry growth in the next eight years.

Graduates should ‘stay calm’, with early data showing better employment rates: Tan See Leng

[SINGAPORE] Manpower Minister Tan See Leng urged fresh graduates and parents to “stay calm” amid growing anxieties about the tough job market, noting that early data suggests improved prospects for this year’s cohort.

Q3 wave of condo launches will test demand for Singapore prime projects above S$3,000 psf benchmark

[SINGAPORE] A wave of new condominium launches in the coming weeks will pose a litmus test of buyer appetite for prime properties, with prices pushing past S$3,000 per square foot (psf) for several projects.

Rate cut signals growth jitters as Malaysia moves to shield economy from tariff threats

[KUALA LUMPUR] Bank Negara Malaysia’s earlier-than-expected rate cut, the first since 2020, is sending a sign that policymakers are bracing for a tougher second half of 2025 as trade tensions with the United States and weakening global demand cast a shadow over the country’s economic outlook.

STI up 0.4% on Thursday as investors stay positive despite tariff uncertainty, split Fed views

[SINGAPORE] The local bourse maintained its positive momentum on Thursday (Jul 10) as investors digest US Federal Reserve officials’ split views on the inflationary impact of tariffs.