Daily Debrief: What Happened Today (Mar 24)

Stories you might have missed

Maybank raises Grab’s target price to US$6.48 on proposed acquisition of Foodpanda Taiwan

[SINGAPORE] Maybank maintained a “buy” call and lifted its target price for superapp company Grab to US$6.48, up from its previous target of US$6.44 on Tuesday (Mar 24), a day after Grab proposed a US$600 million acquisition of Delivery Hero’s foodpanda Taiwan. 

Maybank lists top Singapore stock picks for short, long Iran war

[SINGAPORE] As the US-Israel-Iran conflict creates a “fog of war” over global markets, Singapore’s investment landscape is being defined by a “certainty premium”, Maybank analysts said.

PM Wong heads to China from Mar 25 to 28 to deliver keynote speech at ‘Asian Davos’ forum in Hainan

[SINGAPORE] Prime Minister Lawrence Wong will be in mainland China from Wednesday (Mar 25) until Mar 28 to deliver a keynote address at a high-profile regional forum, before travelling to Hong Kong for a series of engagements with political and business leaders.

APBS to scale down Singapore brewing, move production to Malaysia and Vietnam

[SINGAPORE] Asia Pacific Breweries Singapore (APBS) will scale down its brewing operations in the Republic and transition to an import-based supply model over the next two years, it said on Tuesday (Mar 24).

Precious metals, fertilisers: These charts show Asia’s exposure to Middle East trade, disruptions

[SINGAPORE] The Middle East remains the undisputed heartbeat of the global energy market, but its influence extends far beyond the gas pump. 

Former OCBC CEO Helen Wong’s FY2025 pay dips 6.3% to S$12 million in final year at bank

[SINGAPORE] The former OCBC chief executive Helen Wong, who retired at the end of last year, saw her total remuneration dip to S$12 million for the 2025 financial year. This was down 6.3 per cent from the S$12.8 million she took home in FY2024.