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Daily Debrief: What Happened Today
Bank lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.
Tourism spend in Singapore expanded by 15 per cent year on year to S$6.4 billion in the first quarter of 2017, while arrivals grew 4 per cent to 4.3 million.
A majority of companies - a weighted 80 per cent - in the manufacturing sector expect business environment in the second half of 2017 to remain similar to a quarter ago, said the Singapore Economic Development Board on Monday.
The motorcar industry has the highest amount of prepayment losses incurred by consumers when businesses close down, the Consumers Association of Singapore (Case) said on Monday.
More companies in the services sector expect a better business environment in the second half of 2017 than in the first half of the year, figures released by the Department of Statistics Singapore on Monday showed.
Singapore launched on Monday a new tripartite standard which specifies better employment conditions for term contract employees.
Singapore has emerged among the world's top innovation leaders, coming in second to Switzerland.
Ong Ye Kung, Singapore's Minister for Education and Second Minister for Defence, will take over from Chan Chun Sing, Minister in the Prime Minister's Office and secretary-general of the National Trades Union Congress, as chairman of the Chinese Community Liaison Group (CCLG).
The STI Today
Sight weakness in the Dow futures made for a cautious start to the week for the local stock market, as the Straits Times Index drifted to a 1.23 point loss at 3,329.5.