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Daily Debrief: What Happened Today
"There were cases of inadequate controls resulting in loss of revenue to the Government," said the AGO report.
- AGO report: MFA overpaid S$109,868 in telco bills
- AGO report: National Arts Council paid consultants S$0.41m to build S$0.47m bin centre
- AGO report: HDB delayed S$37.6m in final payments to contractors by up to 3.3 years
- AGO report: MinLaw failed to keep proper asset records of those who died at homes
- MOE to tighten processes to prevent bond-breaking by foreign students
The qualifying salary for Employment Pass (EP) applications will be raised to S$3,600 from S$3,300 with effect from Jan 1, 2017, Singapore's Ministry of Manpower unveiled on Tuesday.
Ooredoo QSC, the Qatari-owned phone carrier, is considering selling its shareholding in StarHub Pte Ltd, according to people with knowledge of the matter.
Last month's performance not only ended a three-month year-on-year growth streak and deepened a sequential monthly fall, it also took market consensus by surprise.
McDonald's Corp is planning a sale of 20- year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400 million, people with knowledge of the matter said.
Nomura warned on Tuesday of rising operational costs at Raffles Medical Group, after the group reported a 4.5 per cent increase in quarterly net profit to S$16.67 million.
- PLife DPU falls 10.2% in Q2 in absence of distribution gains
- Yoma posts 28.6% fall in Q1 profit, sees progress in Myanmar under new government
- MCT's Q1 DPU up 1% at 2.03 Singapore cents
The STI Today
SINGAPORE stocks ended 0.1 per cent higher on Tuesday, with the Straits Times Index gaining 3.59 points to 2,933.44 ahead of the Federal Open Market Committee meeting in the United States on July 26 and 27.