Daily Debrief: What Happened Today (Oct 15)
Stories you might have missed
Singapore semiconductor stocks experienced a third consecutive day of decline as the global chip stock rout intensified, despite positive earnings from Dutch leader ASML. The Singapore Exchange announced the launch of five new Singapore Depository Receipts (SDRs) linked to the global artificial intelligence value chain. Dutch firm EL Development submitted the sole bid for a 390-unit residential project situated in the prestigious Marina South area, offering S$450.1 million or S$1,242.96 per square foot per plot ratio.
September saw a surge in private home sales, with 296 units sold, nearly double the 153 units sold in the previous month and a 16.1% increase compared to the same period a year ago. Singapore Airlines Group reported a 2.8% increase in passenger traffic for September, driven by strong demand across various regions. Meanwhile, Indonesia's President Prabowo Subianto replaced the disaster management chief with his brother Surhayanto, following the latter's arrest on corruption charges linked to emergency relief funds.
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.
