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Daily Debrief: What Happened Today
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MANUFACTURING and services firms have grown more downbeat about their business prospects in the first half of this year, with both sectors now expressing overall pessimism, according to two separate surveys released on Thursday.
THE labour market improved overall, with retrenchments at a six-year low and a lower annual average unemployment rate compared with the year before despite economic growth easing slightly from 2017.
LOANS through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$671.7 billion in December, compared with S$671.9 billion a month ago.
IN the five-year partnership, announced on Thursday, 35 research scientists and engineers from WeBank and NTU will work on collaborative projects.
WITH overall fiscal surpluses from the last three years adding up to over S$19 billion, there is “ample fiscal room” to boost pre-election and social spending, said economists Chua Hak Bin and Lee Ju Ye, who are the authors of the report.
The STI today
SINGAPORE shares were higher on Thursday's close, with the Straits Times Index gaining 0.5 per cent or 15.79 points to 3,190.17.