Daily Debrief: What Happened Today (Nov 4)

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US midterms: Democrats capture Congress in sweeping setback for Trump

[WASHINGTON] Democrats captured majorities in both the Senate and House on Tuesday (Nov 3), scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to US President Donald Trump.

UOB cuts 2026 margin guidance as funding costs rise; Q3 profit rebounds to S$1.25 billion

[SINGAPORE] UOB expects its net interest margin to fall below guidance for 2026, as rising funding costs continue to squeeze lending profitability despite a sharp rebound in its net profit for the third quarter ended Sep 30, 2026.

Mainstream car COE charges to new record, outstrips luxury category as car show drives demand

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Powering Asean's Future 2026

Find out how enterprises are navigating power constraints and sustainability targets

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[SINGAPORE] The Certificate of Entitlement (COE) premium for mainstream cars increased by 5.3 per cent to set a new record as prices for other categories were generally stable.

Singapore proposes stronger investigative powers, stiffer penalties in expedited review of transboundary haze law

[SINGAPORE] A planned tightening of Singapore’s transboundary haze law could enhance the city-state’s ability to gather relevant information from companies suspected of responsibility for haze, as well as its capacity to investigate commercial links and impose restrictions on these entities.

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Daily Debrief: What Happened Today (Nov 3)

Former CEO of SGX-listed GS Holdings charged over false trading

[SINGAPORE] The former CEO of GS Holdings, Pang Pok, was charged in court on Wednesday with abetting a conspiracy to engage in share price manipulation and perverting the course of justice, said the Singapore Police Force.

Work Permit holders increase by 10,900, but S Pass, EP holders decline by 900 each in Q2: Jasmin Lau

[SINGAPORE] Of the 9,200 net increase in non-resident employment in the second quarter of 2026, Work Permit holders – excluding migrant domestic workers – accounted for an increase of 10,900, while S Pass and Employment Pass (EP) holders each declined by 900.