Daily Debrief: What Happened Today
Stories you might have missed
No compelling reason for central banks to issue digital currencies: MAS
MANAGING director of the Monetary Authority of Singapore (MAS) Ravi Menon said that it remains unclear what problem digital currencies would solve, noting that embracing more electronic payments of fiat currencies would instead generate real economic benefits from reducing the cost of cash transactions, and in bringing greater convenience.
Singapore jobless rate rises to decade-high in Q3, but employment growth also up
THE overall seasonally adjusted unemployment rate crept up to 2.3 per cent in September, up from 2.2 per cent in June.
Lotte Duty Free to take over Changi Airport's liquor, tobacco business from DFS
LOTTE will start operations next June at the 18 stores spanning over 8,000 square metres of retail space across the four terminals and its tenancy will last six years from June 9, 2020 to June 8, 2026.
SingPost maintains its 'BBB+' S&P rating; outlook stable
S&P gave SingPost a stable outlook, reflecting its expectation that SingPost would consolidate its operations in the logistics and express delivery markets in the Asia-Pacific in the next 12 months.
Paya Lebar Quarter officially launched as new precinct
LAWRENCE Wong, Minister for National Development and Second Minister for Finance said it's a tremendous opportunity to reimagine and remake Paya Lebar for the future, even for the next century.
The STI today
Singapore shares add 0.8% following strong Wall St performance THE Straits Times Index (STI) open 0.4 per cent higher, with the benchmark then pulling ahead to end the day at 3,168.87, jumping 24.59 points or 0.8 per cent.
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International
World extends run of heat records for 11th straight month
SpaceX’s unit Starlink secures Indonesia operating permit
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Taiwan exports to US jump by record as China shipments fall
Thai PM says cannabis to be re-listed as narcotic by end of 2024
US eyes curbs on China’s access to AI software behind apps like ChatGPT