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Daily Debrief: What Happened Today
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SINGAPORE exports finished the third quarter with a fizzle, rising by a gentler 5.9 per cent year on year in September even as the electronics sector continued its recovery from last year's global down-cycle.
SINGAPORE'S National Wages Council has set out six principles in its supplementary guidelines for temporary wage cuts, with the goal of saving jobs and helping businesses emerge stronger from the current crisis.
BIG Tech firms are snapping up office space in Singapore, taking advantage of crimped rents amid the recession set off by the Covid-19 pandemic. These include a gaggle of Chinese tech giants seeing Singapore as a base to expand into Asean.
THE cost of air tickets between two major Asian financial hubs is already starting to rise less than 24 hours after Singapore and Hong Kong unveiled plans for a travel bubble that wouldn't require people to quarantine upon arrival.
DESPITE gloomy macroeconomic conditions as the Covid-19 pandemic drags on, initial public offering activity bucked a "traditionally slow" third quarter on the back of liquidity in global markets.
THE increased activity in Singapore's retail sector hints at a bottoming out of rents by the end of this year or early next year, Knight Frank's research team said in a report published on Friday.
NEW Silkroutes Group has announced that non-independent, non-executive chairman Goh Jin Hian and finance director William Teo Thiam Chuan have resigned.
The STI today
SINGAPORE shares rebounded on Friday to end the week in the black, as investors reacted positively to the country's non-oil domestic exports figures in September.