Daily Debrief: What Happened Today (Mar 18)

Stories you might have missed

Indonesian stock dive triggers trading halt amid fears of economy stalling and political uncertainty

[JAKARTA] Fears of a slowing economy and uncertainty over President Prabowo Subianto’s recent policies rattled investors, sparking a market sell-off that triggered a trading halt on Tuesday (Mar 18) as the benchmark index plunged.

Singapore CEOs buck improving confidence among global corporate chiefs

[SINGAPORE] Despite complex geopolitical and macroeconomic challenges, global chief executive officers are becoming more confident about business growth, latest findings from the EY-Parthenon CEO Outlook Survey indicated.

Alta to open Middle East branches, sees private deal flow jumping 10 times

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[SINGAPORE] The growing investor appetite for alternative assets is leading Alta Group, which runs a digital securities exchange for such investments, to set its sights on expanding to the Middle East.

DBS’ update to transition finance framework has strategic value for the bank

[SINGAPORE] DBS has rolled out the first major update to its transition finance framework in three years, clarifying and enlarging the scope of activities and assets that fall under the framework.

ST Engineering aims for S$17 billion in revenue, higher net profit margin by 2029

[SINGAPORE] ST Engineering eyes a revenue of S$17 billion and a net profit improvement that outpaces its top-line increases by up to five percentage points annually over the next five years, said group chief executive officer Vincent Chong on Tuesday (Mar 18).