Daily Debrief: What Happened Today (Sep 30)
Stories you might have missed
Singapore-based Temasek is set to establish offices in Riyadh and Abu Dhabi later this year as part of its expanding presence in the Middle East, according to recent reports. This move comes as countries in the region seek to diversify their supply chains and explore alternative sources of supply. Singapore's Minister-in-charge of Trade Relations, Grace Fu, emphasized the importance of Singapore's role in providing alternative supply options for countries looking to reduce dependence on other markets.
On a separate matter, brokers have maintained a "buy" recommendation on CDL despite investor concerns over the company's strategic review. The positive outlook is underpinned by potential interest savings and asset sales that are likely to benefit the company. Meanwhile, the Monetary Authority of Singapore (MAS) is soliciting feedback on proposed changes to corporate governance regulations for banks, insurers, and their designated financial holding companies.
In other developments, Hwa Seng Builder, along with two Chinese companies, has been awarded contracts worth S$1.2 billion for the second phase of the Tuas Road Viaduct project. Additionally, Nasdaq-listed SEI has opened an office in Singapore to expand its Asian private market business, following a request from a key client to establish a presence in the region.
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.
