Daily Debrief: What Happened Today (Jun 19)

Stories you might have missed

Diverging fortunes in Singapore’s F&B scene as diners turn to cheaper options

[SINGAPORE] Fortunes are diverging in the local dining scene, with restaurant takings on the decline but other food and beverage (F&B) outlets seeing some recovery, based on official data.

Globally diversified equities remain attractive amid yet another Fed pause: analysts

[SINGAPORE] Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18).

Latest Singapore six-month T-bill cut-off yield falls to 2%

[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) inched down to 2 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jun 19).

Prudential, AIA still offering pre-authorisation at Mount Elizabeth hospitals despite Great Eastern’s shock move

[SINGAPORE] Insurers in Singapore are not following Great Eastern’s footsteps to suspend pre-authorisation certificates for admission into Mount Elizabeth Hospital and Mount Elizabeth Novena Hospital. Prudential and AIA told The Business Times that they are still issuing pre-authorisation certificates for Mount Elizabeth hospitals.

SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid

[SINGAPORE] National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback, The Business Times understands.

Singapore stocks sink on Thursday after Powell signals higher inflation; STI down 0.7%

[SINGAPORE] Local shares fell for a second consecutive session on Thursday (Jun 19), after US Federal Reserve chair Jerome Powell warned of “meaningful” inflation ahead, as consumers are expected to face higher prices due to the Trump administration’s proposed import tariffs. He also cautioned against placing too much confidence in the current outlook for rate cuts.