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Daily Debrief: What Happened Today
Headline inflation fell for the 17th straight month in Singapore in March, but core inflation edged up slightly.
A vital safety protection measure - where the speed limit on the affected track sector is set to 0 km/h before a work team is allowed on it, so that no train can enter on automated mode - was not applied on March 22, 2016, "directly causing" the accident that killed two SMRT staff.
The Singapore government is allocating S$700 million to a third tranche of the Tourism Development Fund from 2016 to 2020. This was announced by Minister for Trade and Industry, S Iswaran, on Monday morning at the Tourism Industry Conference organised by the Singapore Tourism Board.
Uber's collaboration with Lion City Rentals to put in bids for certificates of entitlement for cars here can help Singapore reduce private car ownership, said Warren Tseng, Uber's general manager in Singapore.
Standard Chartered Bank announced on Monday that its vice-chairman of Asean, Lim Cheng Teck, will be retiring on May 1. Mr Lim, a veteran who has been with the bank for more than 28 years, has held many senior roles, including chief executive of Singapore and China as well as regional chief executive of Asean.
The Singapore High Court on April 22 granted the Marco Polo Marine's application for a stay of the entirety of the court proceedings instituted by PPL Shipyard in favour of arbitration.
The STI Today
Having gained 152 points in nine trading days leading up to Friday last week, the Straits Times Index (STI) fell for the second consecutive session when it dropped 40.15 points to 2,900.28 on Monday.