Daily Debrief: What Happened Today (Jul 10)

Stories you might have missed

GIC announces senior leadership appointments, including deputy group CIOs

[SINGAPORE] Singapore sovereign wealth fund GIC announced on Friday (Jul 10) a series of new senior management appointments, with changes to take effect on Oct 1.

Deloitte Singapore set to move out of Shenton Way base to Orchard Central in 2027

[SINGAPORE] Multinational consultancy giant Deloitte is planning a move from its Shenton Way premises to an Orchard Road location after its current lease at OUE Downtown expires at end-2026, The Business Times has learnt.

China narrows AI gap with US as open-source shift could hit valuations: George Yeo

[SINGAPORE] With more companies in China opening up their large language models (LLMs), other big firms – especially American ones – are following suit, which could affect their valuations, warned Singapore’s former foreign minister George Yeo.

Singapore biotech startup Lucence expands across Asia, US as demand grows for preventive health tests

[SINGAPORE] Singapore biotech startup Lucence is expanding across Asia and the US as it rides a growing wave of demand for preventive healthcare. At the forefront of its offerings are its liquid biopsy tests that can screen for up to 50 types of cancer, combining both DNA and RNA testing.

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Daily Debrief: What Happened Today (Jul 9)

Italian aristocrat sells Neil Road shophouse pair for S$40.88 million

[SINGAPORE] An entity linked to Italian aristocrat, financier, property investor and art collector Luca Padulli has sold a pair of freehold shophouses in Neil Road for S$40.88 million.

Yen rises as Japan encourages pension funds to invest in domestic assets

[SINGAPORE] The yen bounced on Friday (Jul 10) on news that Japan plans to encourage pension funds to increase their holdings of domestic financial assets, a move analysts said could offer greater support to the battered currency than intervention.