Daily Debrief: What Happened Today
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Solidarity Budget: S$5.1b package to be funded by S$4b of past reserves
THIS includes increased wage offsets in April, enhanced eligibility for self-employed income relief, waiving foreign worker levies in April, providing higher rental waivers, and a S$600 cash payout for all adult Singaporeans.
Changi Airport suspends operations at T2 for 18 months
THE suspension begins on May 1, with airlines there to be relocated to the airport's remaining terminals. Singapore Airlines will consolidate its operations in T3.
NTUC to help administer applications, appeals for self-employed income relief
FIRST announced in the supplementary Resilience Budget, SIRS will give three quarterly cash payouts of S$3,000 each to eligible self-employed Singaporeans, in May, July, and October.
SIA, SIA Engg, Scoot and SATS to send 17,500 staff for skills upgrading
NTUC added that this will translate to a total of over 39,500 days of training for aviation workers.
CapitaLand reopens all China malls, posts rise in residential sales
THE group's four malls in Wuhan - the epicentre of the outbreak - reopened on April 2 after receiving clearance from local authorities.
The STI today
STI gains 3.4% as market absorbs Solidarity Budget measures THE Straits Times Index (STI) ended Monday up 81.30 points or 3.4 per cent at 2,470.59 points.
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International
Canada exploring higher tariffs on China electric vehicles: trade minister
Attacker of former US speaker Nancy Pelosi’s husband jailed for 30 years
US, TikTok seek fast-track schedule, ruling by Dec 6 on potential ban
Higher US food prices lead to a shift in shopping habits
Indian spice trade group fears plunge in exports due to ETO pesticide scrutiny
Abu Dhabi’s US$302 billion fund deepens AI and private credit push