Daily Debrief: What Happened Today (May 8)

Stories you might have missed

US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers

[SINGAPORE] The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs remains a key risk for equities and bonds in the region, said market observers.

DBS loan demand to remain strong in H1, full-year growth likely at 5 to 6%: CEO Tan Su Shan

[SINGAPORE] DBS expects its loan demand will remain strong in the first half of 2025, but warned that it may slow in the second half if the trade war persists, said chief executive Tan Su Shan.

More graduates chase fewer roles while employers flag skills gap: LinkedIn

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[SINGAPORE] Fresh graduates face a double whammy of fewer job openings and a growing mismatch between vacancies and skills.

SeaMoney rebrands to Monee, opens new headquarters for Sea group’s digital financial services

[SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, an umbrella segment for all of Sea’s digital financial services.

Weakening US dollar expected to yield mixed impact for Singapore companies with significant exposure

[SINGAPORE] Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the world’s largest economy. But market watchers warn that the Singapore dollar’s strength against the greenback could cut both ways for companies here.

Singapore stocks end lower as investors keep eye on tariff negotiations; STI down 0.4%

[SINGAPORE] Local stocks ended lower on Thursday (May 8), as investors kept their eyes on tariff deal negotiations after the US central bank unsurprisingly kept interest rates steady.