Daily Debrief: What Happened Today (Oct 7)

Ng Ren Jye

Published Tue, Oct 7, 2025 · 06:30 PM

The two-year period may be extended if necessary, notes Deputy Prime Minister Gan Kim Yong. PHOTO: CMG

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New grant lets tariff-hit local companies claim up to 50% of costs of adapting

[SINGAPORE] Under a new grant, tariff-hit local small and medium-sized enterprises can claim up to half the costs involved in adapting, while affected larger local companies can claim up to 30 per cent.

Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud

A director of the insolvent Envy group of companies at the heart of the billion-dollar nickel trading scam has been declared bankrupt, following a court order for her and eight others to repay almost S$900 million.

DBS’ Tan Su Shan tops Fortune’s list of Asia’s 100 most powerful women: Here are the top 10

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DBS chief executive Tan Su Shan, who took over the reins at the bank this year, has been crowned No 1 on a list of the most powerful women in Asia by Fortune.

CDL, Mitsui Fudosan to launch Zyon Grand with prices from S$2,689 psf

City Developments Ltd and Mitsui Fudosan will start previews for Zyon Grand on Wednesday (Oct 8), with prices starting from S$2,689 per square foot.

Singapore shares continue to rally; STI up 1.1%

Singapore shares closed higher on Tuesday, buoyed by local bank DBS’ continued rally.

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Nex shopping centre is on a site with a remaining lease of 80 years and eight months.

China Investment Corp, PGIM’s 50% stake in Nex mall up for sale; asking about S$1.2 billion

The Philippine economy has expanded by only 2.3% in Q2, its fourth consecutive quarter of deceleration.

Higher rates, weaker spending: Is the Philippines entering stagflation?

All STI counters had dropped, with Yangzijiang Shipbuilding leading the decline, down 8.4%, or S$0.39, at S$4.26 as at 9.48 am.

Singapore tech stocks plunge as Nasdaq bloodbath spills into region

OCBC’s Q3 earnings came in slightly above the S$2 billion consensus forecast in a Bloomberg survey of seven analysts.

OCBC wealth clients turn defensive amid market volatility as Q3 profit rises 3%