Daily Debrief: What Happened Today (Aug 24)
Stories you might have missed
Singapore's core and headline inflation figures increased in July, largely due to rising electricity and gas prices, along with higher costs in services, food, and other sectors, according to the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).
In a competitive financial landscape, hedge fund leaders and local managers in the region are being urged to secure their positions amidst a talent war, according to observers. The strategic importance of anchoring these decision-makers has come under scrutiny as tax advantages diminish in other global hubs.
Temasek’s Azalea Investment Management raised over US$1 billion in new capital commitments across three private equity offerings, despite a challenging environment for private equity. The company's recent success underscores Singapore's role as a leading hub for private equity investments and management.
SOUTH-EAST Asia's electric-vehicle (EV) sector has seen significant growth, with startups raising a combined US$622 million in disclosed equity funding since 2016. Singapore has emerged as a central hub for both EV companies and investors in the region.
OUE, a Mainboard-listed company, has proposed the privatization of its wholly-owned subsidiary, OUE Healthcare, via a scheme of arrangement at S$0.050 per share in cash. This move signals potential changes in the healthcare sector in Singapore.
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Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
