Daily Debrief: What Happened Today (Jun 5)

Stories you might have missed

Peter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator

[SINGAPORE] Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly wrongfully and fraudulently extracting and transferring value out of Laguna National Golf and Country Club to enrich themselves.

Tariffs and potential slowdown of global economy weigh on property players’ minds: NUS poll

[SINGAPORE] Real estate leaders in Singapore were significantly more pessimistic in the first quarter of 2025, as sentiment soured after the rollout of tariffs in the United States caused heightened economic uncertainty.

DBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park

[SINGAPORE] DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia.

Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags

[SINGAPORE] The Appellate Division of the High Court has partially allowed an appeal by Goh Jin Hian against having to pay damages for breaching his duty of care as a then-director of the insolvent marine fuel supplier, Inter-Pacific Petroleum (IPP).

Latest Singapore six-month T-bill cut-off yield sinks to 2.05%

[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) dropped to 2.05 per cent, based on auction results released by the Monetary Authority of Singapore (MAS) on Thursday (Jun 5).

Singapore shares rise on US rate-cut hopes, softer T-bill yields; STI up 0.4%

[SINGAPORE] Local shares rose on Thursday (Jun 5) as softer US hiring data boosted rate-cut expectations amid falling Treasury bets.