Daily Debrief: What Happened Today

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Singapore government support for firms and workers to 'evolve and taper'; details to come on Monday

"WE will continue to support our workers and firms through this crisis. But we are not able to sustain the same level of support indefinitely," said Deputy Prime Minister and Finance Minister Heng Swee Keat, who is also Coordinating Minister for Economic Policies.

Hin Leong founder OK Lim charged with forgery offence

THE charge relates to instigating a Hin Leong employee to forge a document purportedly issued by UT Singapore Services which was allegedly used to secure more than US$56 million in trade financing from a financial institution.

Singapore wins rights to host 2028 Lions Clubs International Convention

SINGAPORE has won the rights to host the 110th Lions Clubs International Convention in 2028, with the event expected to attract around 20,000 foreign delegates and generate over S$58 million in tourism receipts.

Reconvened NWC likely to issue updated wage guidelines in September

THE National Wages Council (NWC) says it will reconvene later this month to review its wage guidelines issued in March and will aim to release its updated guidelines in September.

Singapore's telecom, travel and leisure sectors face dividend uncertainty: IHS Markit

THIS comes as the long-drawn Covid-19 pandemic has inflicted damage to all sectors in varying degrees, with some countries in the Asia-Pacific (APAC) region still grappling with the resurgence of the virus, said IHS Markit analysts.

Corporate earnings

The STI today

Singapore shares end week in negative territory, STI down 0.56%

THE Straits Times Index ended the week down 14.65 points or 0.58 per cent at 2,581.32 points, as investors remained cautious amid the virus-stricken economy.