Daily Debrief: What Happened Today (Mar 26)

Stories you might have missed

Singapore’s factory output sees shock 1.3% fall in February, contrary to high growth expectations

[SINGAPORE] The Republic’s manufacturing output fell 1.3 per cent year on year in February, breaking its seven-month expansion streak after the biomedical and electronics clusters fell into contraction.

Singapore, Vietnam ink agreements in areas such as electricity trade, QR payments

[HANOI] Singapore and Vietnam on Wednesday (Mar 26) exchanged five agreements on cooperation in areas such as cross-border electricity trade and QR payments, in a ceremony witnessed by Prime Minister Lawrence Wong and Vietnamese Prime Minister Pham Minh Chinh.

Latest Singapore six-month T-bill cut-off yield rises to 2.73%

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[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) rose to 2.73 per cent, the auction results by the Monetary Authority of Singapore (MAS) on Wednesday (Mar 26) showed.

Temasek-backed Pentagreen, UK’s impact investor commit US$80 million to scale South-east Asia’s clean energy

[SINGAPORE] A debt financing platform that has Temasek and HSBC as its founding shareholders, as well as the UK’s development financial institution have jointly invested US$80 million to accelerate the deployment of renewable energy in South-east Asia.

FCT private placement raises S$220 million under equity fundraising to finance Northpoint City deal, repay debt

[SINGAPORE] Frasers Centrepoint Trust (FCT) closed its upsized private placement at S$2.09 apiece, raising around S$220 million in gross proceeds with some 105.3 million new units to be issued.

Annyeong, investors: ‘Strategic’ JS-SEZ projects can get customised incentives, says Malaysian official

[SEOUL] Foreign investments with strategic significance for Malaysia could receive customised incentives beyond tax perks when entering the Johor-Singapore Special Economic Zone (JS-SEZ).