Daily Debrief: What Happened Today (Sep 9)

Stories you might have missed

Companies thinking of arbitraging US tariffs should ‘be careful’ of the risk of stiff penalties: DPM Gan

[SINGAPORE] Companies thinking of arbitraging between different US tariff rates “have to be careful” to avoid the risk of stiff penalties, Deputy Prime Minister Gan Kim Yong warned on Tuesday (Sep 9).

Possible overpayments, irregularities flagged in latest Auditor-General report

[SINGAPORE] The Auditor-General’s Office (AGO) flagged several public agencies for lapses in areas such as contract management and procurement, revenue management and records furnished for audit in its latest annual audit of the government’s accounts.

Gold heads towards US$4,000 mark as markets grapple with dollar doubts, Fed uncertainty

[SINGAPORE] Gold is blazing a trail towards US$4,000 an ounce, driven by a potent mix of softening US economic indicators, questions over the Federal Reserve’s autonomy, and the absence of viable rivals to the greenback in global currency markets.

Loyang Valley close to concluding en bloc deal, with several developers in due diligence

[SINGAPORE] Changi condominium Loyang Valley, put up for sale at an indicative price of S$880 million, is close to a deal, with several interested buyers in active discussions with the collective sale committee. 

Under Anutin, Thailand will look to reinvent in uncertain post-Thaksin era

[BANGKOK] Thailand’s Supreme Court ruling against former prime minister Thaksin Shinawatra on Tuesday (Sep 9), which sends him back to jail for a year, marks the end of two-and-a-half decades of Thaksin-centric politics. But the road ahead for the kingdom remains murky – not least for its export-driven economy.

Singapore must tap technology to ‘leapfrog’ regional peers in equity markets: Piyush Gupta

[SINGAPORE] The Singapore equity market is “lagging behind” its regional peers, but rather than trying to catch up, the local bourse should aim to “leapfrog” others through the use of technology, said former DBS chief executive officer Piyush Gupta on Tuesday (Sep 9).

Singapore stocks end lower amid mixed regional trading; STI down 0.3%

[SINGAPORE] Local shares ended lower on Tuesday (Sep 9) as regional bourses posted a mixed performance.