Daily Debrief: What Happened Today (Jul 3)

Stories you might have missed

Businesses cannot bank on tariff rollbacks to come with political transition; higher costs to stay: DPM Gan

[SINGAPORE] Enterprises must be prepared for lasting US tariffs and higher export costs to the world’s largest economy to endure, rather than counting on the levies to end with a change in administration after four years.

Ripe time to grow regional industrial giants, work towards Asean-led development: panellists

[SINGAPORE] In an era marked by multipolarity, supply chain disruptions, geopolitical conflicts and growing protectionism, it is a pivotal time to strive towards creating regional industrial champions and advancing Asean-led development to deepen intra-bloc integration.

Vietnam catches a break as Trump more than halves tariffs, though the plan is short on details

[HO CHI MINH CITY] Vietnam may have scored a win. A new trade deal announced by US President Donald Trump on Wednesday (Jul 2) highlights warmer ties and potentially better terms for the South-east Asian nation, which has positioned itself as a cooperative partner amid rising trade tensions.

Latest Singapore six-month T-bill cut-off yield down at 1.85%

[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) tumbled to 1.85 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jul 3).

As end of tariff pause looms, Malaysia could ‘gain greater prominence’ in trade: Maybank

[SINGAPORE] Malaysia may be poised to shine in the next phase of global trade, said analysts from Maybank Investment Banking Group. This is in light of a likely fresh wave of US-led tariffs under “Trade War 2.0”.

Tata Consultancy Services aims to hire 50 fresh graduates to support new innovation centre

[SINGAPORE] Indian consulting giant Tata Consultancy Services (TCS) intends to hire 50 fresh graduates from local universities across different fields to support its innovation centre focused on artificial intelligence (AI).

Singapore shares up 0.2% amid mixed regional showing

[SINGAPORE] Singapore shares edged up on Thursday (Jul 3) amid a mixed showing by regional bourses after Vietnam inked a trade deal with the United States.