Daily Debrief: What Happened Today (Sep 26)

Stories you might have missed

Trump’s pharma tariffs put Singapore at ‘greatest risk’ among major exporters if no exemptions granted: economists

[SINGAPORE] The Trump administration’s latest tariff salvo – this time aimed at branded or patented pharmaceutical goods – could hit Singapore particularly hard, economists warned.

Singapore factory output slumps 7.8% in August, reversing July’s growth

[SINGAPORE] Factory output decreased 7.8 per cent year on year in August, missing expectations and marking a reversal from July’s upward-revised 7.7 per cent growth, data from the Economic Development Board showed on Friday (Sep 26).

Singapore banks embrace AI amid employee job fears

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[SINGAPORE] Artificial intelligence (AI) is no longer a distant prospect in banking. It is reshaping the sector, from call centres to analytics to compliance.

We. Communications, long-time PR firm for Microsoft, cuts some of its Singapore workforce 

[SINGAPORE] Public relations company We. Communications recently laid off a significant number of staff in its Singapore office, with their last day of employment being Thursday (Sep 25).

Higher BTO supply and ‘right conditions’ will allow for higher income ceiling, lower singles’ eligibility age: Sun Xueling

[SINGAPORE] A higher Build-To-Order (BTO) flat supply will allow the government to raise the income eligibility threshold and lower the eligibility age for singles, said Senior Minister of State for National Development Sun Xueling in Parliament on Friday (Sep 26).

No cheap pump across the Causeway as Malaysia rolls out Budi95 fuel subsidy

[KUALA LUMPUR] Malaysians driving Singapore-registered cars will not be able to enjoy Malaysia’s new Budi95 fuel subsidy, which kicks in on Sep 30.

Volvo shutters Singapore research hub 8 months after its launch in January

[SINGAPORE] Volvo Cars has shuttered its satellite research and development (R&D) office in Singapore, around eight months after it opened.