Daily Debrief: What Happened Today (May 13)

Stories you might have missed

US-China tariff rollback: marginal gains for Singapore amid lingering uncertainty

[SINGAPORE] A temporary rollback in US-China tariffs has buoyed global markets and near-term sentiment, but economists expect any benefits to Singapore’s economy to be limited and short-lived.

Greenback’s relief rally from US-China tariff truce is but a brief blip: analysts

[SINGAPORE] Traders rewarded the US dollar with gains against major Asian currencies after trade tensions between Beijing and Washington thawed – but the greenback could soon be singing the blues again as analysts expect the relief rally to be short-lived.

Tariffs stall Vietnam’s IPO pipeline, but Vinpearl breaks the drought

[HANOI] A wave of optimism that buoyed Vietnam’s stock market in the first quarter of 2025 is fading fast as a harsh US tariff blow derails fundraising plans and stalls the initial public offering (IPO) momentum, but hopeful aspirants are now eyeing a potential rebound by year-end.

Ng Yu Zhi’s bankruptcy estate to admit investor’s S$12 million debt claim: High Court

[SINGAPORE] The bankruptcy estate of alleged nickel fraudster Ng Yu Zhi will have to take in the proof of debt for S$12 million from investor Veronica Shim after the High Court on Tuesday (May 13) reversed the trustees’ decision that rejected her claim.

With Terminal 5, Changi will join Asia’s ‘mega airport’ trend: aviation organisation chief 

[SINGAPORE] The upcoming Terminal 5 (T5) should take Changi Airport into the ranks of Asia’s “mega airports”, defined as those that handle more than 100 million passengers a year, said Stefano Baronci, director-general of Airports Council International (ACI) for Asia-Pacific and Middle East.

URA puts up second Chuan Grove site for sale; firm bids expected amid steady demand in the area

[SINGAPORE] A second Chuan Grove residential site has been released for sale, under the 2025 government land sales (GLS) programme.

Singapore stocks rise after US-China talks breakthrough; STI edges up 0.1%

[SINGAPORE] Local stocks finished Tuesday (May 13) higher after the United States and China announced they would temporarily lower tariffs on each other’s products in a 90-day cool-off period.