Daily Debrief: What Happened Today (Sep 23)
Stories you might have missed
Inflation in Singapore rose to 2.2% in August, prompting mixed reactions from central bank observers regarding the Monetary Authority of Singapore's (MAS) potential response. The Martin Modern and Wallich Residences properties, linked to a money laundering case, were auctioned for S$16.3 million in total, with only four out of 20 seized properties finding buyers. The Singapore Exchange (SGX) is implementing enhanced disclosure rules to foster a "value creation culture" among companies.
Former executives of CW Group and Allied Technologies have been charged with conspiring to misappropriate over S$76 million from the companies. This comes as Chinese President Xi Jinping arrives in Washington for his first visit since 2020, aiming to strengthen relations between the two superpowers and address issues like trade, AI, the Iran war, and Taiwan's future.
The Asian Development Bank expects South-east Asia's growth to be supported by technology exports and investment, despite ongoing energy issues and El Nino effects. Singapore aims to develop high-value AI infrastructure to capitalize on regional opportunities.
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.
