Daily Debrief: What Happened Today (Sep 5)

Stories you might have missed

Leasehold properties have a definite shelf life; owners should not expect ‘more goodies’: Ho Ching

[SINGAPORE] Leasehold properties, whether public housing flats or industrial units, have a definitive shelf life, and putting pressure on the government for “more goodies” is “not the right thing to do”, said Temasek Trust chairman Ho Ching. 

BMW’s iX3 spearheads multibillion-dollar reboot that takes the fight to Tesla, BYD

[MUNICH] On Friday (Sep 5), German luxury carmaker BMW launched its second-generation iX3 – and with it, a sweeping reset strategy to catch up with its electric vehicle (EV) rivals.

SLA puts 5.7 ha Phoenix Park site with over 30 buildings up for master tenancy

[SINGAPORE] A sprawling 5.7-hectare (ha) site in Tanglin Road that was once the home of British intelligence services – and, later, the Internal Security Department (ISD) of Singapore – is up for tender to a new master tenant.

In Singapore, hearing aids shed stigma as younger adults tune in

[SINGAPORE] “You have severe hearing loss in some frequencies. In fact, you already qualify for a hearing aid.”

Vietnam ramps up blockchain as local players chase early lead

[HO CHI MINH CITY] Vietnam is ramping up its blockchain push. Besides government bodies and local firms rolling out network infrastructure, the country is forging home-grown crypto exchanges.

Singapore swim school Fitness Champs splashes into Nasdaq with US$15 million IPO

[SINGAPORE] As a former competitive swimmer waiting to enter university, Joyce Lee started freelancing as a swim instructor in 1999 to help support her family in the wake of the 1997 Asian financial crisis.

Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%

[SINGAPORE] The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations that weak US job market data will cement a September interest rate cut by the Federal Reserve.