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Daily Debrief: What Happened Today
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"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.
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 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.
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.
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.
- ST Engineering H1 profit slips 4.4% as aerospace, electronics hit by pandemic
- Sasseur Reit cuts Q2 DPU by 6% after posting lower year-on-year sales
- Isetan sinks into the red with S$317,000 net loss in H1
- Golden Agri-Resources H1 loss widens to US$156.9m
- Dasin Retail Trust DPU falls 43.4% to 1.92 S cents for H1
- Q&M Dental first-half revenue slumps 14%, Aoxin Q&M's loss widens
- Cosco Shipping H1 earnings tumble 69% to S$1.4m
- Hong Leong Asia H1 net profit down 5.7% to S$19.4m after drag by associates
- Hyphens Q2 profit up 32% on robust sales of skin health products, supplements
The STI today
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.