Daily Debrief: What Happened Today (Jul 1)

Stories you might have missed

Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims

[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Monday (Jun 30).

MAS proposes to improve complex product labelling and disclosures for investors

[SINGAPORE] Investors in Singapore may soon gain clearer disclosures and improved guidance for complex products, following the implementation of proposed amendments by the Monetary Authority of Singapore (MAS).

US dollar tumbles to 50-year low in H1, paving way for Asian FX gains

[SINGAPORE] Major Asian currencies could be in for more gains through year-end, as the US dollar, hammered by tariff tensions, cloudy macro prospects and shifting bets on the monetary policy path, slumped 10.7 per cent in the first half of 2025. This is its worst half-year performance since 1973.

HDB resale prices rise at a slower 0.9% pace in Q2: flash data

[SINGAPORE] Housing & Development Board (HDB) resale prices continued to rise in the second quarter of 2025, but at a slower pace of 0.9 per cent compared with 1.6 per cent in Q1.

Judge greenlights S$810 million Thomson View en bloc sale

[SINGAPORE] The High Court has granted a sale order for Thomson View’s S$810 million collective sale on Tuesday (Jul 1), allowing the sale to proceed after it was disrupted by a stop order in March due to objections.

PM Wong to wrap up Asean tour with Cambodia stop on Jul 2

[SINGAPORE] Prime Minister Lawrence Wong will visit Cambodia on Wednesday (Jul 2), a one-day trip that rounds up his introductory tour of the Asean member states since he was sworn in last May.

Singapore shares move in tandem with Wall Street rally

[SINGAPORE] Buoyed by the overnight Wall Street rally, Singapore shares rose on Tuesday (Jul 1), with about the top one-third counters by weighting on the blue-chip-gauge Straits Times Index (STI) all closing higher.