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Daily Debrief: What Happened Today
The proportion of profitable firms declined from 79 per cent in 2015 to 76 per cent in 2016. As most of the firms had also put in place a wage system that gave the flexibility to adjust wages according to business conditions, wage increase continued to moderate.
The Monetary Authority of Singapore (MAS) on Tuesday said that it has completed its two-year review of banks involved in 1Malaysia Development Berhad (1MDB) related transactions known to-date.
Singapore Airlines (SIA) is introducing new benefits and rewards to its PPS Club programme from June 1 in response to feedback from programme members.
Capitaland on Tuesday said that it has reduced its carbon emissions intensity and water intensity by 26.2 per cent and 21.8 per cent respectively, compared with 2008. This exceeds the group's 2020 reduction targets of 23 per cent and 20 per cent.
The Urban Redevelopment Authority (URA) on Tuesday released three residential sites for sale under the H1 2017 government land sales (GLS) programme.
State industrial landlord JTC on Tuesday launched a confirmed list site at Jalan Lam Huat (Plot A) and a reserve list site at Tuas South Link 3 (Plot 25) for sale under the first half 2017 Industrial Government Land Sales (IGLS) programme.
Noble Group Ltd is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an "incredibly difficult environment".
The STI Today
Selling of the three banks on Tuesday left the Straits Times Index nursing a 9.76 points loss at 3,204.79 in thin trading of 1.1 billion units worth S$612.8 million.