Daily Debrief: What Happened Today (Nov 2)
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On November 2, Johor-Singapore Special Economic Zone (JS-SEZ) reported US$21.8 billion in approved investments under Malaysian Investment Development Authority (MIDA) from January 2025 to June 2026. Among the affected were shares of Singapore's three local banks, with OCBC experiencing the most significant drop. The Monetary Authority of Singapore (MAS) aimed to encourage infrastructure investments by reducing capital requirements for insurers investing in specific infrastructure and securitised assets.
Sheng Siong shares continued their decline, reaching a one-year low as the supermarket operator's stock fell over 9%. Insurer Great Eastern reported a Q3 profit of S$102.9 million, a 72% decrease from the previous year. Alpha Integrated Real Estate Investment Trust's CEO, Karen Lee, announced her resignation on November 2.
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.
