Singapore Tonight - Mon 7 Jul 2025
From business to politics, health to technology, we bring you up-to-date with the latest news on Singapore and analyze how these events may affect you tomorrow.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
BOJ's Koeda says she's keeping an eye on second-round effects from rice prices -Bloomberg
TOKYO :Bank of Japan board member Junko Koeda said she was keeping a close eye on possible second-round effects on underlying inflation from recent rises in the price of rice, Bloomberg News reported on Wednesday. In an interview conducted on Monday, Koeda said it was inappropriate to predict now how soon the BOJ could resume interest rate hikes due to uncertainty over the economic outlook, Bloomberg reported. "Recent hard data on inflation shows prices of rice and other food items are rising more than expected compared with the time of the BOJ's May meeting, so I am watching developments carefully," Koeda was quoted as saying. Such cost-push pressures from higher food costs are the main drivers of Japan's consumer inflation, which is moving around 3 per cent recently, she said. The BOJ's weighted median average, which is a key measurement of underlying inflation, remains short of the central bank's 2 per cent target, Koeda was quoted as saying. But Koeda added she was "keeping an eye out" on how price moves in Japan's staple rice could affect households' inflation expectations and underlying inflation, Bloomberg reported.
CNA
4 hours ago
- CNA
JPMorgan expands tech team with Guggenheim veteran, memo says
NEW YORK :JPMorgan Chase is hiring Guggenheim Securities executive Mike Amez, as the country's biggest bank continues to expand its technology investment banking team and to provide specific expertise to medium-sized companies, according to a staff memo. Amez will join as Head of Mid-Cap Technology Services in September and be based in Chicago, Global Co-Heads of Technology Investment Banking Chris Grose and Greg Mendelson wrote in the memo which was seen by Reuters. At Guggenheim, Amez was a senior managing director in the technology investment banking group, specializing in supporting IT services, cybersecurity services and hyperscale cloud infrastructure clients. During his career, Amez "bolstered his expertise in navigating the intricate and rapidly evolving technology sector, while cultivating lasting relationships with clients," Grose and Mendelson wrote. The hire was announced less than six weeks after the bank said it was bringing on four executives from rivals Goldman Sachs, Bank of America and Lazard to work with the technology team in the investment bank on the West Coast. JPMorgan is already a powerful player in tech banking, according to Dealogic data, and is working to deepen its sub-sector expertise, industry analysts said. Recently it landed major deals in the tech sector, including advising Global Payments on its $24.25 billion acquisition of payment processor Worldpay. It also advised Turn/River on its $4.4 billion take-private deal of IT management software maker SolarWinds, as well as DoorDash on its $3.9 billion acquisition of the restaurant delivery platform Deliveroo. It additionally helped CoreWeave with its $23 billion stock debut in March.
CNA
7 hours ago
- CNA
New Singtel headquarters to have 20,000sqm of retail and lifestyle space
Singtel's new Comcentre headquarters is expected to add 20,000 square metres of lifestyle and retail space to the Orchard Road precinct. Set to be completed in 2028, the building will include eateries, the biggest urban park in Singapore and even a pet-friendly space.
