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Daily Debrief: What Happened Today
Stories you might have missed
NTUC Job Security Council matches PMEs to new jobs ahead of displacement
THE labour movement is piloting an initiative to match soon-to-be-displaced white-collared workers with new jobs in a bid to reduce the duration of unemployment.
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Singapore factory output posts surprise 3.4% rise in January - but can the lift last?
DESPITE an earlier Chinese New Year holiday, industrial production rose by 3.4 per cent year on year, confounding the expectations of a 5.8 per cent drop from economists in a Bloomberg poll.
DBS nudges firms to go digital in second wave of Covid-19 relief measures
THESE measures include financial relief packages and digital initiatives for companies to fast-track their digital adoption to carry out transactions online instead of relying on physical processes.
CapitaLand senior management, board members to take pay cut amid virus outbreak
BOARD members and senior management will take a 5 per cent to 15 per cent reduction in their board fee and base salary, with effect from April 1.
CAD not taking further action on China Environment ex-chairman
THIS is due to insufficient evidence of a criminal offence committed in Singapore, the provider of waste gas treatment systems disclosed in a regulatory update on Wednesday.
Corporate earnings
- First Resources Q4 earnings climb 84.6% on higher production, sales volumes
- City Developments' Q4 profit up 12.5% to S$87.7m
- CapitaLand Q4 profit almost doubles; buys UK business park for £126.7m
- Fragrance's fiscal 2019 profit tumbles 70.1% to S$79.9m
- AEM's Q4 earnings nearly quadruple on new orders
- BHG Retail Reit's Q4 DPU slips 14.7% to 0.93 S cent
- CAO posts 13.2% rise in Q4 profit to US$21.2m
The STI today
Singapore shares slide 1.3% after US warns of sustained Covid-19 spread
THE Straits Times Index (STI) closed 40.72 points or 1.3 per cent lower at 3,117.52.
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