Daily Debrief: What Happened Today (Jul 31)

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Asian markets with strong policy support could stand out as Fed defies Trump’s demand to cut rates

[SINGAPORE] The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time was broadly in line with market expectations.

Ringgit, rupiah, baht and peso tipped to strengthen despite rate-cut signals

[SINGAPORE] Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar through the year – even as regional central banks signal further rate cuts.

Keppel shares hit 6-year high on H1 earnings growth, share buyback and asset divestment plans

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[SINGAPORE] Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager posted a 24.2 per cent rise in H1 earnings, a S$500 million share buyback scheme and plans to divest S$14.4 billion of non-core assets.

Singapore gold investment soars 37% to 2.2 tonnes in Q2 while jewellery demand wanes

[SINGAPORE] Investment appetite for gold remains strong in Singapore, with 2.2 tonnes of gold bars and coins purchased in the second quarter of 2025, according to the World Gold Council’s latest report released on Thursday (Jul 31).

Pelita Air to start flying between Jakarta, Singapore from Aug 18

[SINGAPORE] Indonesian carrier Pelita Air will be commencing flights between Jakarta and Singapore from Aug 18, indicated the airline’s website.

Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%

[SINGAPORE] Local stocks declined for the fifth straight session on Thursday (Jul 31), amid heavy selling in index heavyweights Singtel and Seatrium.