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Daily Debrief: What Happened Today
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INCLUDING about S$93 billion in response to Covid-19, the total size of the four Budgets stands at S$193 billion, more than double the size of annual Budgets in preceding years.
- Govt committed to rebuilding reserves even though no legal obligation
- Govt will not take advantage of low interest rates to borrow
- Singapore's fiscal strategy keeps longer-term needs in view
FOOD and beverage (F&B) services took a larger hit, with takings down 53 per cent year on year, or 38.8 per cent on a month-on-month seasonally-adjusted basis.
IN April, about 3,800 business entities were formed, almost a third lower than the annual average of 5,500 in the same month from 2015 to 2019.
SNACK and beverage giant PepsiCo has hired Singaporean Tan Wern-Yuen as chief executive officer (CEO) of Asia-Pacific, Australia, New Zealand and China (APAC) to oversee its operations in the region, starting June 15.
THE probe is in connection with suspected breaches of disclosure requirements under Section 203 of the Securities and Futures Act, MAS and CAD said in a joint statement on Friday.
The STI today
THE Straits Times Index (STI) ended higher on Friday for the fifth straight session at 2,751.50, up 44.30 points or 1.6 per cent.