Daily Briefing: 840,000 HDB homes to receive utilities rebates; Issuance in APAC region surges 66% to US$152b

And here's why Singapore should keep an eye out for Shanghai.

The Ministry of Finance revealed that around 840,000 Singaporean HDB households will be receiving GST Voucher – U-Save rebates this month to offset part of their utilities bills. Eligible homes will each receive a voucher amounting to $65, depending on their HDB flat type. Read the full story here.

Pacific Investment Management Co. warned of debt risk after sales of dollar bonds by borrowers in Asia-Pacific region ballooned to a record. Issuance surged 66% last quarter from the year earlier to $152 billion. To know more about the story, click here.

While Singapore remained in the five leading global financial centers, Shanghai is quickly catching up, as it ranked as the top pick among world’s cities expected to become significant global financial centers in the next few years. Read more here.