Daily Debrief: What Happened Today (Jun 17)

Stories you might have missed

Singapore private club 1880 suddenly closes, going into liquidation

[SINGAPORE] Private members’ club 1880 suddenly announced its permanent closure effective Tuesday (Jun 17), with its holding company 38 Degrees and operating company 1880 Pte Ltd placed into provisional liquidation.

Indonesia seizes 11.8 trillion rupiah from Wilmar Group in palm-oil graft case

[JAKARTA] The Indonesian Attorney General’s Office (AGO) has seized approximately 11.8 trillion rupiah (S$928 million) from five defendants involved in a corruption case related to crude palm oil (CPO) exports, involving subsidiaries of the Wilmar Group.

‘Significantly higher costs’: Great Eastern suspends pre-authorisation certificate for admission to Mount Elizabeth hospitals

[SINGAPORE] Insurer Great Eastern (GE) has temporarily suspended pre-authorisation certificates for Mount Elizabeth Hospitals from Tuesday (Jun 17).

Singapore’s key exports chart surprise 3.5% slide in May as front-loading cools

[SINGAPORE] Economists believe that front-loading activity may have started slowing down, after Singapore’s key exports declined 3.5 per cent on the year in May after April’s surge.

CAG calls for pre-qualification of main contractors for ground transportation centre in Changi

[SINGAPORE] Pre-qualification of main contractors for the ground transportation centre at Changi East development is open, the procurement portal of airport operator Changi Airport Group (CAG) showed.

Should we expect Singapore-based companies to list here?

[SINGAPORE] Last month, reports emerged that fast-fashion retailer Shein intends to list in Hong Kong after its initial plan to do so in London was scuttled over concerns about its labour rights track record.

Family offices look to raise allocations to non-US, developed markets equities: BlackRock survey

[SINGAPORE] Family offices are raising their portfolio allocations for non-US developed market equities as tariff tensions and concerns about a US economic slowdown are prompting many to diversify, a BlackRock survey has found.