Daily Debrief: What Happened Today (Mar 26)

Stories you might have missed

Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal

[SINGAPORE] A married couple caught out by a failed “99-1” property transaction has sued ERA Realty, one of its agents and a law firm for S$731,212, alleging negligent misrepresentation and breach of duty.

Singapore accredited investors reassess private credit exposure after US funds trigger redemption gates

[SINGAPORE] Accredited investors in Singapore are reassessing their exposure to evergreen private credit funds after a wave of redemption requests at major US managers triggered “gating” mechanisms, limiting withdrawals.

Safe-haven inflows lift deposits amid Middle East conflict, but risks remain: DBS

[SINGAPORE] The ongoing conflict in the Middle East has supported deposit growth through safe-haven inflows, while market volatility from the war could also lift trading income, DBS said in a bourse filing on Thursday (Mar 26).

‘Gold doesn’t perform in crises’: Sell-off shows liquidity trumps safe-haven appeal

[SINGAPORE] In the traditional investment playbook, gold is the asset of choice when uncertainty peaks.

Cornering the market? Charter yacht operators fear potential price hikes following SUTL’s Keppel Bay acquisition

[SINGAPORE] Yacht charter operators said that the proposed acquisition of Marina At Keppel Bay (MKB) by SUTL Enterprise would give the group control of the two key marinas used to serve the popular chartered trips to the Southern Islands.

Plastic bag shortages, WFH, pricier wine: The Iran conflict is rippling through the economy

[SINGAPORE] The impact of the Middle East conflict can be immediately felt in the energy and travel sectors, with volatile oil and gas prices. But it has also disrupted supply chains, upending global trade.