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Daily Debrief: What Happened Today

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Thursday, February 16, 2017 - 18:30

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While households experienced real growth in average household income from work per household member in 2016, the growth has slowed down across the board.

Median household income from work in Singapore up 2.6% in real terms in 2016

The median household income from work among resident employed households in Singapore rose to S$8,846 in 2016 from S$8,666 in 2015, up 2.6 per cent in real terms, Singapore's Department of Statistics (DOS) said on Thursday.


Internationalisation key engine of growth for local firms: IE Singapore

Internationalisation has become the key engine of growth and transformation for Singapore companies, International Enterprise (IE) Singapore said on Thursday.

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Market voices on:


Joint development partner for KL-Singapore high speed rail project awarded

Malaysia's MyHSR Corporation Sdn Bhd and Singapore's Land Transport Authority (LTA) have awarded the joint development partner contract for the Kuala Lumpur-Singapore High Speed Rail project to the consortium comprising WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd, and Ernst & Young Advisory Services Sdn Bhd.


DBS CEO signals bank may be past worst of energy-loan issues

DBS Group Holdings Ltd chief executive officer signalled that the bank may be past the worst of its problems from loans to troubled oil and gas-services companies.


ExxonMobil expands Singapore refinery to raise base oil output

Exxonmobil, which owns the largest refinery in Singapore, is expanding the facility to increase the production of base oil, which is used to manufacture lubricants.


Senior Counsel Hri Kumar Nair appointed as deputy Attorney-General

The Prime Minister's Office announced on Thursday the appointment of Senior Counsel Hri Kumar Nair as deputy Attorney-General.


Many Singapore firms still have not started looking at adopting new revenue standard: EY

With less than a year to the January 1, 2018 implementation deadline, many Singapore firms have not started adopting the new revenue standard, EY said on Thursday.


Corporate Earnings


The STI Today

Singapore shares finish higher, STI pushed up by gains in DBS, Thai Beverage

After gaining almost 10 per cent since the start of the year, it is perhaps natural to expect the Straits Times Index (STI) to undergo some sort of pullback or "consolidation". 

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