Daily Debrief: What Happened Today (Oct 2)

Stories you might have missed

CapitaLand Investment brings new-to-market brands to malls in China, rides ‘emotional consumption’ wave

[SHANGHAI] At Raffles City Shanghai, shoppers can find some of the most popular brands in China such as cosmetics brand Judydoll and cult-favourite milk tea chain Ah Ma Handmade. 

Whoosh or woe: Is China-funded US$7.3 billion bullet train a debt time bomb for Indonesia?

[JAKARTA] Indonesia’s multibillion-dollar high-speed rail project Whoosh, once celebrated as a symbol of deepening economic ties with China, is mired in debt – turning into a financial time bomb and a big headache for President Prabowo Subianto’s administration.

Spanish-turned-Singaporean tycoon sells six shophouses in Stanley Street for S$82.4 million

[SINGAPORE] Spanish-turned-Singaporean tycoon Ricardo Portabella has sold a portfolio of six conservation shophouses in Stanley Street for a total sum of S$82.4 million.

Asia’s public markets must maintain performance and growth to drive inflows, GIC, Danantara executives say

[SINGAPORE] Strong public markets in Asia can help bring investment flows to the region and help recycle capital, said Pandu Sjahrir, chief investment officer of Danantara Indonesia, and GIC adviser Jeffrey Jaensubhakij at the Milken Institute Asia Summit on Oct. 2.

BYD-linked consortium wins Singapore contract to trial autonomous buses in public

[SINGAPORE] The Land Transport Authority (LTA) on Thursday (Oct 2) awarded an S$8.1 million contract to pilot autonomous buses on public services to a consortium comprising BYD, MKX Technologies and Zhidao Network Technology.

Underpinned by rate-cut optimism, STI, DBS break records

[SINGAPORE] The blue-chip gauge of the Republic, the Straits Times Index (STI), soared to a new record of 4,395.21 points on Thursday (Oct 2), after surging 72.09 points or 1.7 per cent, fuelled by the expectation of an interest rate cut by the US Federal Reserve.