# Daily Debrief: What Happened Today (Jul 15) > Source: > Published: 2026-07-15 11:15:00+00:00 # Daily Debrief: What Happened Today (Jul 15) Stories you might have missed **GovTech retrenches 93 staff in first phase of agency’s 2-year workforce transformation** [SINGAPORE] The Government Technology Agency (GovTech) has launched what it calls a workforce transformation exercise, retrenching 93 employees in the first phase of a two-year restructuring that is expected to affect between 7 and 9 per cent of its workforce. **DBS targets S$1 trillion in AUM by 2030 as it steps up AI, hiring push** [SINGAPORE] DBS is looking to accumulate more than S$1 trillion in assets under management (AUM) across its retail and wealth segments by 2030, as it doubles down on artificial intelligence, partnerships and regional expansion to capture Asia’s growing wealth. **Singapore tourism receipts climb 5.8% to S$8.6 billion in Q1 amid quality tourism push** [SINGAPORE] The Republic collected S$8.6 billion in tourism receipts in the first quarter of 2026, up 5.8 per cent from the S$8.1 billion recorded in the corresponding period a year earlier. **New private home sales down 42.6% in June amid school-holiday lull, no new launches** [SINGAPORE] Developers in Singapore sold 156 private homes in June, down 42.6 per cent from the 272 units moved a year earlier, data released by the Urban Redevelopment Authority showed on Wednesday (Jul 15). **Singapore SMEs increasingly ‘immune to uncertainty’ after years of volatility: OCBC executive** [SINGAPORE] Small and medium-sized enterprises (SMEs) in Singapore have increasingly built a tolerance against volatility, after multiple years of uncertainty in recent times. **F&B businesses to get funding, advisory support under new AI programme** [SINGAPORE] A new initiative to help F&B businesses adopt artificial intelligence processes into their workflow was launched by Enterprise Singapore (EnterpriseSG) and UOB on Wednesday (Jul 15). Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Share with us your feedback on BT's products and services [TRENDING NOW](/pulse?ref=trending-now) HDB lapses saw flats allocated, housing grants given to ineligible applicants: AGO report What makes a good job? Feeling that you matter A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator