Daily Debrief: What Happened Today (Oct 9)
Stories you might have missed
The proposed changes to the Certificate of Entitlement (COE) system aim to address issues with the current categories and differentiate mass-market and luxury cars, according to industry observers. However, these changes are likely to result in higher premiums and increased private-hire vehicle usage.
ST Engineering, a Singapore mainboard-listed company, opened a new commercial airframe maintenance, repair, and overhaul (MRO) facility within Singapore's Changi Airport on October 9. This facility is expected to create over 500 jobs.
Malaysia's government proposed a moderately expansionary budget of RM459.8 billion (US$112.48 billion) for 2027, ahead of a possible election. This increase in spending comes amid growing fiscal pressure caused by a rise in global oil prices.
The Monetary Authority of Singapore (MAS) warned about the potential risks associated with using AI agents in digital-asset trading. As AI agents move beyond analyzing information to executing transactions, managing risks, particularly in liquidity and collateral management, becomes crucial.
Eu Chin Fen, the CEO of Frasers Hospitality, will step down from her position effective January 1, 2027. Her COO will take over the business and report to Frasers Property.
Temasek, a Singaporean state investment company, is among the investors in Nuveen's US$698.6 million Australian debt fund. This commitment comes as part of the first close of the latest Australian commercial real estate debt strategy, with other backers including the Canada Pension Plan Investment Board (CPP Investments).
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Cliff Tan, once a staunch pro-China Malaysian Chinese businessman, is now distancing himself from Beijing. Despite being once known for his strong pro-China stance, Tan has shifted his business approach.
Grab, a popular ride-hailing company, CEO Anthony Tan's wife, Chloe Tong, discussed her life with Anthony Tan and her search for purpose. Despite being a successful entrepreneur, Tan remains without plans to expand her business.
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.
