Daily Debrief: What Happened Today (Jul 29)
Stories you might have missed
US baseline 10% tariff not ideal but Singapore ‘can live with it’: PM Wong
[SINGAPORE] While the US’ baseline tariff of 10 per cent is not ideal, it is a rate Singapore “can live with”, said Prime Minister Lawrence Wong on Tuesday (Jul 29).
Holland Link site draws 5 bids; top bid from Sim Lian at S$368.37 million or S$1,432 psf ppr
THE maiden tender for a government land sales (GLS) site in the new Holland Plain precinct has fetched five bids.
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9 ex-directors, employees ordered to repay almost S$900 million to Envy companies in fraudulent nickel trading suits
[SINGAPORE] Nine former directors and employees of insolvent Envy group of companies – at the centre of the S$1.5 billion nickel trading fraud allegedly perpetrated by Ng Yu Zhi – have been ordered by the High Court to return almost S$900 million to the group.
Can Indonesia’s third stimulus save its 5% growth goal?
[JAKARTA] Indonesia is preparing its third stimulus package this year in a bid to keep the economy growing near the 5 per cent mark, but with details under wraps and key subsidies to be excluded, economists are warning that the measures may be too modest to counter mounting domestic and global pressures.
Singapore shares fall for third session; STI down 0.3%
[SINGAPORE] Local stocks dipped for the third straight session on Tuesday (Jul 29), with more losers than gainers, with heavy selling in Singapore Airlines (SIA) a key drag.
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