Daily Debrief: What Happened Today (Sep 18)
Stories you might have missed
The Japanese yen experienced a decline of over 1 percent against the Singapore dollar following a 25 basis point interest rate hike by the Bank of Japan on September 18, 2026. SC Capital Partners successfully sold Rivervale Mall, a suburban retail property in Sengkang that they acquired seven years prior, for approximately S$276 million, as reported by The Business Times.
Keppel Corporation announced plans to link their Merlimau Cogen power plant on Jurong Island with a solar power facility in Indonesia through a subsea cable, forming part of a clean power import initiative. Multi-Chem, a Mainboard-listed IT distribution company, informed shareholders that their CEO, COO, and two senior employees were questioned by the Corrupt Practices Investigation Bureau on September 17.
Further, amid rising oil prices nearing above US$100 a barrel, a Johor Bahru-based publication explored the dual implications for Malaysia, questioning whether the increased revenue from energy exports outweighs the burdens of higher subsidies, import costs, and challenges faced by businesses and consumers. The upcoming summit in Washington on September 24 will bring together US President Donald Trump and Chinese leader Xi Jinping, aiming to address various pressing issues including trade, Taiwan, Iran, and artificial intelligence.
In Southeast Asia, Chagee, Mixue, and Luckin, sons of South-east Asia’s wealthiest individual, are stepping into leadership roles within the Vingroup empire, a move that will require them to maintain their family's market dominance. The article also delves into the current performance and challenges faced by some of Asia's most beloved food and beverage establishments, from Haidilao to Oriental Kopi.
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.
