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Daily Debrief: What Happened Today

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Tuesday, July 26, 2016 - 18:30
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THE Auditor-General's Office Singapore (AGO) on Tuesday reported a number of "inadequate financial controls" over government operations, including those outsourced to external operators, following its annual audit.

AGO finds 'inadequate financial controls' in agencies including HDB, LTA

"There were cases of inadequate controls resulting in loss of revenue to the Government," said the AGO report.


Base salary of Employment Pass to be raised to S$3,600 from Jan 1; NTUC lauds move

The qualifying salary for Employment Pass (EP) applications will be raised to S$3,600 from S$3,300 with effect from Jan 1, 2017, Singapore's Ministry of Manpower unveiled on Tuesday.


Ooredoo said to consider sale of stake in StarHub

Ooredoo QSC, the Qatari-owned phone carrier, is considering selling its shareholding in StarHub Pte Ltd, according to people with knowledge of the matter.


Singapore's June factory output disappoints with 0.3% year-on-year dip

Last month's performance not only ended a three-month year-on-year growth streak and deepened a sequential monthly fall, it also took market consensus by surprise.


McDonald's said to plan US$400m Malaysia, Singapore sale

McDonald's Corp is planning a sale of 20- year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400 million, people with knowledge of the matter said.


Broker's take: Nomura wary of higher costs at Raffles Medical in Q2 results

Nomura warned on Tuesday of rising operational costs at Raffles Medical Group, after the group reported a 4.5 per cent increase in quarterly net profit to S$16.67 million.


Corporate Earnings


The STI Today

Singapore shares close 0.1% up on Tuesday

SINGAPORE stocks ended 0.1 per cent higher on Tuesday, with the Straits Times Index gaining 3.59 points to 2,933.44 ahead of the Federal Open Market Committee meeting in the United States on July 26 and 27.

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