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Daily Debrief: What Happened Today
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THE uneven trajectory of economic recovery next year will impinge on jobs and corporate profits in Singapore and the risk of financial stresses remains during this protracted recovery period.
OCTOBER arrivals were up from 9,500 in September, but incomparable to the 1.53 million arrivals in October a year ago.
IT is entering into a joint venture with Mitsui & Co Real Estate, with CapitaLand as the majority partner, to develop and operate a logistics project in Greater Tokyo.
THE transaction follows the divestment of Keppel Land's 70 per cent stake in DNWC to Nam Long Investment Corporation (NLG), which was announced in 2019.
THE announcement was made a day after the Monetary Authority of Singapore (MAS) ordered EH-Reit's trustee to remove the current manager within one month and to appoint a new manager "as soon as practicable".
The STI today
AGAINST the backdrop of positive vaccine developments and upbeat Chinese data, the benchmark Straits Times Index (STI) rebounded from the previous day's loss to close 0.29 per cent or 8.17 points higher at 2,814.12.