Daily Debrief: What Happened Today (Jun 18)

Stories you might have missed

Sunway MCL, CSC take bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million

[SINGAPORE] A tie-up between Sunway MCL and CSC Land Group (Singapore) topped a field of four bidders with a S$750.6 million offer for the third River Valley Green site to be released for sale, which is likely the last residential plot available close to Great World City.

Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts

[SINGAPORE] Indonesian palm oil equities are positioned for a dramatic and rapid reversal following a brutal sell-off in late May and early June, noted analysts, citing a report that said that Indonesia will scale back its export overhaul.

Orchid Hotel in Tanjong Pagar sold for about S$273 million

[SINGAPORE] The 272-room Orchid Hotel in Tanjong Pagar has been sold at a price said to be about S$273 million.

Asian currencies likely to stay under pressure as new Fed regime keeps rates steady

[SINGAPORE] Asian currencies will likely remain under pressure from an elevated greenback, as the US Federal Reserve kept interest rates steady on Wednesday (Jun 17).

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Daily Debrief: What Happened Today (Jun 17)

Inflation, energy, markets: What’s next after US-Iran peace deal

[SINGAPORE] The US and Iran have agreed to an interim peace deal, both countries said on Thursday (Jun 18), after a months-long conflict that started in late February.