Daily Debrief: What Happened Today (Sep 24)
Stories you might have missed
Property players are expressing growing pessimism about the suburban residential sector in Q2, with concerns over affordability leading to a more negative sentiment. Prudential made waves by announcing a series of regional leadership changes, including the appointment of Chan San San, currently CEO of Prudential Singapore, as the chief partnership officer at Eastspring Investments.
In a move that has sparked speculation, Grab CEO Anthony Tan recently purchased US$30 million worth of shares in his company. This investment comes at a time when the value of the company's shares has plummeted by over 50% this year, hitting a three-year low of US$2.74.
Global government bond markets are also experiencing significant turbulence, with yields on these assets reaching the brink of 4%. This level has not been seen since 2007, indicating a worsening bond sell-off that is putting pressure on investors.
Singapore has emerged as a significant player in the South-east Asian startup ecosystem, securing 92% of the region's US$7.25 billion in startup funding during the first half of 2026. This funding has been primarily directed towards sectors such as artificial intelligence and strategic infrastructure.
Indonesia's largest energy company, Chandra Asri Pacific, is looking beyond its traditional petrochemicals business and exploring opportunities for growth in Singapore. The company aims to leverage Singapore as a base for further expansion across South-east Asia.
Decoding Asia newsletter readers can now access a valuable guide to understanding the complexities of navigating Asia in a rapidly changing global landscape. This free newsletter aims to provide insights and updates to help readers make informed decisions in the ever-evolving Asian market.
In a heartwarming story, Grab CEO Anthony Tan's wife, Chloe Tong, opens up about her life with her husband and the journey to finding her own purpose. Meanwhile, the founder of the Vingroup empire, Dung Tran, is beginning to share some of the reins of his business empire with his sons, as he looks to diversify his business interests.
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.
