Daily Debrief: What Happened Today (Sep 7)
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Singapore's retail sales grew by a modest 1.5% year on year in July, a slowdown from the 4% expansion seen in June, according to data released by the Singapore Department of Statistics on Monday. The news comes as developers are questioned about their bullish housing land bids.
The Singapore Parliament is set to discuss potential adjustments to political salaries, including those of ministers, during a sitting this week. Prime Minister Wong and Chan Chun Sing are scheduled to address the issue on September 8.
Morgan Stanley predicts that Singapore and Hong Kong banks will be the primary beneficiaries as the Asia capital markets deepen in the second half of the year. UOB Kay Hian's "Alpha Picks" portfolios for Singapore and Malaysia outperformed their respective benchmarks in August, driven by large-cap stocks, according to a report from the brokerage. UOBKH expects Singapore investors to focus on large-cap stocks for September.
Brokerages have revised their STI targets upwards for the fourth quarter of 2026, citing robust corporate earnings and economic stability as key drivers of optimism.
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.
