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Daily Debrief: What Happened Today
The salaries for fresh graduates in Singapore's three oldest universities went up last year, according to the findings of the latest joint graduate employment survey released on Wednesday.
The expansionary stance of Singapore's Budget 2017 reflects the headwinds faced by the economy, Fitch Ratings said on Wednesday.
Singapore's industrial production in January is expected to have shrunk after a run of strong monthly rises, a Reuters poll showed, though analysts see the electronics sector extending its recent bounce.
A total of three appointments to management have been made at CapitaLand Retail China Trust Management (CRCTM), CapitaLand Commercial Trust Management (CCTM) and Ascott Residence Trust Management. They are to take effect from March 1.
HSBC has appointed Tony Cripps, chief executive of HSBC Australia, to lead its group in Singapore, with effect from April 3, 2017. Mr Cripps succeeds Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the bank.
Olam International is suspending further forest clearing in Gabon for at least a year, as it reaches a truce with environmental group Mighty Earth which had earlier criticised the agri-commodity group for its supposed deforestation practices in the country.
The European Chamber of Commerce (EuroCham) Singapore said that European businesses remain ready to contribute to the republic's next phase of growth, adding that it welcomes recommendations by the Committee on the Future Economy (CFE).
- SembMarine back in the black for Q4
- Genting Singapore in the black with Q4 profit of S$159.19m
- Far East Hospitality Trust's Q4 DPS down on softer market
- DeClout doubles Q4 net profit on divestment gain
The STI Today
An eighth consecutive all-time high for the Dow Jones Industrial Average on Tuesday triggered a large push on the local banks on Wednesday, propelling the Straits Times Index up 28.01 points or 0.91 per cent to 3,122.20 with overall volume amounting to a decent 2.6 billion units worth S$1.47 billion.