Daily Debrief: What Happened Today (Mar 20)

Stories you might have missed

Asian markets get ‘breather’ with US Fed’s rate cut pause

[SINGAPORE] The US Federal Reserve’s decision to hold off on interest rate cuts gives Asian markets “a breather” and more room for certainty, said market observers.

Microsoft’s US$2.2 billion Malaysia investment solid amid US policy uncertainty

[KUALA LUMPUR] Microsoft’s US$2.2 billion investment in Malaysia remains firm, despite growing global uncertainties stemming from policy shifts by the United States, a senior company executive from Microsoft Malaysia said on Thursday (Mar 20).

ST Engineering on a tear; stock hits successive highs and is now more expensive than DBS and other leading blue chips

[SINGAPORE] Analysts were bullish on ST Engineering, hiking their target prices for the counter as they cited a positive outlook and strong growth prospects for the company.

Real estate sector sees robust activity, but Singapore professionals not ahead in salaries

[SINGAPORE] Despite healthy investment and new home sales, salaries for real estate professionals in Singapore are not charging ahead of their regional peers.

Top Glove swings back to black with RM30.3 million Q2 profit 

[SINGAPORE] Malaysian glove manufacturer Top Glove returned to the black with a net profit of RM30.3 million (S$9.1 million) for its second quarter of its financial year ended Feb 2025, reversing from a net loss of RM51.2 million in the year-ago period. 

SGX RegCo reprimands BlackGold Natural Resources directors, CFO for breaches of listing rules

[SINGAPORE] The Singapore Exchange Regulation (SGX RegCo) has reprimanded three directors and the chief financial officer of BlackGold Natural Resources for breaching listing rules, citing failure to implement adequate internal controls and risk management systems, as well as failure to promptly disclose material information.