Daily Debrief: What Happened Today
Stories you might have missed
MAS eases Singdollar appreciation to 'zero slope', lowers mid-point of policy band in one-two blow
THE Monetary Authority of Singapore (MAS) has returned the Singapore dollar to a neutral stance - easing again the pace at which the currency can strengthen - after a slight reduction in the rate of appreciation in October 2019.
National Wages Council recommends lower MVC or 10% of basic pay, if cuts needed
IF wages must be cut, the National Wages Council (NWC) is recommending that the Monthly Variable Component (MVC) be adjusted downwards, the extent of which hinges on the company's situation and any key performance indicators or guidelines agreed with unions.
SIA to let staff to take up temporary placements outside the group
Faced with a long, harsh "Covid-19 induced winter", Singapore Airlines (SIA) will press ahead with efforts to contain costs after announcing a massive cash call last week, and will allow employees to take up temporary placements outside the SIA Group following major cuts to flight operations.
ComfortDelGro Taxi extends cabbie relief, to sink into red for fiscal 2020
LAND transport company ComfortDelGro Corporation is spending S$80 million to extend its daily rental relief for cabbies until Sept 30 amid worsening economic conditions and enhanced Covid-19 measures.
ASTI CEO withdraws resignation amid 'challenging times' for company
ASTI Holdings chief executive officer (CEO) and executive chairman Michael Loh Soon Gnee has withdrawn his resignation after the company requested for him to lead it amid "challenging times" caused by the coronavirus pandemic.
The STI today
STI closes 4.5% lower on Monday
Singapore's Straits Times Index (STI) fell on Monday after relief from last week's global fiscal support measures faded with uncertainty over the length of the pandemic remaining an overhang on sentiment.
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International
Fed survey cites inflation, US election as key financial stability risks
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015