Daily Debrief: What Happened Today (Feb 13)
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A new growth capital workgroup led by Chee Hong Tat aims to bridge the gap between private capital and public listings, involving top executives from GIC, Temasek, and DBS. Following the Budget, banks have pulled the STI below 5,000, but analysts believe there is sufficient fiscal support for market recovery. Retail demand for gold has surged ahead of Chinese New Year, driven by wealth preservation. The Budget 2026 may impact various sectors, while NTUC's AI-Ready SG initiative offers subsidies for AI tools. Analysts are optimistic about Singapore's new space agency, though no immediate stock benefits are expected.
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