Daily Debrief: What Happened Today
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Singapore's total employment in Q1 sees largest quarterly contraction on record: MOM
SINGAPORE'S employment landscape in the first quarter of 2020 performed worse than expected, with total employment declining by 25,600, the largest quarterly contraction on record.
Singapore private home sales rebound 75.5% in May
DEVELOPERS in Singapore sold 486 new private homes in May, a sharp 75.5 per cent rebound from 277 in April, as stay-at-home buyers became more confident of committing to a purchase during the "circuit breaker".
Private-sector economists expect Singapore economy to contract 5.8% this year
THE Covid-19 pandemic has sent expectations south since the previous quarterly survey sent out in February, when the median forecast by respondents was for full-year GDP growth of 0.6 per cent.
CMT to give additional rental relief to SME tenants
THIS is on top of rental waivers or deferrals it is giving qualifying SME tenants for June, following the passing of amendments to the Covid-19 (Temporary Measures) Act on Friday.
OCBC to hire more than 3,000 people this year
ABOUT seven in ten of these jobs are full-time roles across the banking group's entities, such as OCBC Bank, OCBC Securities, its private-banking subsidiary Bank of Singapore as well as its insurance arm Great Eastern.
Digital bank Tonik raises US$21m in Series A funding
THE funding round also saw "significant participation" from previous investors Insignia Ventures Partners and Credence Partners, the company said on Monday.
The STI today
STI closes 2.64% lower at 2,613.88 on Monday
THE Straits Times Index (STI) fell 70.75 points or 2.64 per cent to 2,613.88 on Monday in a third straight day of losses after a rise in new coronavirus infections globally stoked fears that lockdowns might be re-imposed.
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International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April