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Daily Debrief: What Happened Today

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Employment grew in the third quarter this year as the economy picked up slightly, even as unemployment, including long-term unemployment, crept up.

Stories you might have missed

Employment grew in third quarter this year, but so did unemployment: MOM

TOTAL employment, excluding foreign domestic workers, grew by a revised 21,700 between July and September this year - over three times the 6,200 jobs growth between April and June this year and the 16,700 in the same period last year, the final labour figures for the third quarter showed. 


 

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Singapore retail sales down for 9th month in October with steeper 4.3% decline

STORES in Singapore rang up S$3.6 billion in sales, down by 4.3 per cent year on year and about 6.1 per cent of these transactions were over the Web.


SingSaver gets MAS brokerage licence to offer insurance comparisons on platform

THE platform will now offer instant digital comparisons of insurance products across travel, home and maid categories and its new broking team would also be able to advise consumers on insurance products.


Yoma Strategic to use US$21.9m from first tranche of placement for property business

THIS will be used for The Peninsula Yangon Hotel project, and capital expenditure for development in StarCity while another US$27.6 million will go towards the refinancing of its existing indebtedness. 


Keppel DC Reit buys 2nd Germany data centre for 81.8m euros

THE real estate investment trust is buying the entire freehold interest in the shell and core purpose-built data centre from Maena KG, and the deal is expected to be completed in 2020.


The STI today

Singapore shares advance 0.7% after Fed reaffirms dovish stance

The blue-chip index advanced 21.77 points or 0.7 per cent to close at 3,194.67.