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Daily Debrief: What Happened Today
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SINGAPORE'S employment landscape in the first quarter of 2020 performed worse than expected, with total employment declining by 25,600, the largest quarterly contraction on record.
DEVELOPERS in Singapore sold 486 new private homes in May, a sharp 75.5 per cent rebound from 277 in April, as stay-at-home buyers became more confident of committing to a purchase during the "circuit breaker".
THE Covid-19 pandemic has sent expectations south since the previous quarterly survey sent out in February, when the median forecast by respondents was for full-year GDP growth of 0.6 per cent.
THIS is on top of rental waivers or deferrals it is giving qualifying SME tenants for June, following the passing of amendments to the Covid-19 (Temporary Measures) Act on Friday.
ABOUT seven in ten of these jobs are full-time roles across the banking group's entities, such as OCBC Bank, OCBC Securities, its private-banking subsidiary Bank of Singapore as well as its insurance arm Great Eastern.
THE funding round also saw "significant participation" from previous investors Insignia Ventures Partners and Credence Partners, the company said on Monday.
The STI today
THE Straits Times Index (STI) fell 70.75 points or 2.64 per cent to 2,613.88 on Monday in a third straight day of losses after a rise in new coronavirus infections globally stoked fears that lockdowns might be re-imposed.