Daily Debrief: What Happened Today (Sep 28)
Stories you might have missed
City Developments Ltd (CDL) plans to hire a dedicated CEO and management team as it aims to double its assets under management (AUM) to S$10 billion by FY2029, expanding its push into private funds. Singapore's factory output growth accelerated to 15.4% in August, surpassing July's revised 6.9% growth, although it still fell short of estimates for a 18.3% expansion.
Meanwhile, VisionPower Semiconductor Manufacturing Company (VSMC), a joint venture between TSMC-backed Taiwanese chip foundry Vanguard International Semiconductor (VIS) and Dutch chipmaker NXP Semiconductors, opened its 300 mm wafer fabrication plant in Singapore, betting on the demand for 'physical AI.'
Brief written by urgent.news from The Business Times - Singapore's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
