Daily Debrief: What Happened Today
Stories you might have missed
F&B sector in Singapore may see more closures, layoffs: survey
ABOUT two in five restaurants will not last longer than two more months with the revenues and costs recorded during the ongoing "circuit-breaker" period, going by a survey released by Chope on Wednesday.
Prudential offers Singapore fintechs S$20,000 cover against accidental death, injury to employees
FULL-TIME Singaporean employees of close to 150 fintech firms in Singapore can now get insurance coverage against accidental death and injury for free up till early April next year, under a collaboration between insurer Prudential Singapore and the Asean Financial Innovation Network (AFIN).
Employers must pay retrenchment benefit if job cuts are inevitable: MOM
EMPLOYERS who are in sound financial position should continue to pay retrenchment benefit according to their existing employment contracts, collective agreements, memoranda of understanding or the prevailing norms for retrenchment benefit, the ministry said.
Oxley Beryl enters into EOI to sell Chevron House's retail, banking units for S$315m
A POTENTIAL buyer has entered into an expression of interest (EOI) with Oxley Beryl, which owns the former Chevron House, to acquire the retail and banking units in the Raffles Place development for S$315 million.
Three freehold shophouses in Lavender, Tiong Bahru up for sale
ON 26 and 28 Cavan Road are two adjacent shophouses up for sale with a guide price of S$23.8 million while the corner shophouse at 259 Outram Road has an indicative price of S$12.5 million.
Eagle Hospitality Trust's sponsor directors to resign
HOWARD Wu and Taylor Woods, co-founders at Eagle Hospitality Trust's (EHT) sponsor Urban Commons, plan to step down from the trust managers' boards of directors.
The STI today
Singapore shares fall 0.8%
THE Straits Times Index fell 19.39 points or 0.75 per cent to finish at 2,561.94 on Wednesday.
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International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’