Daily Debrief: What Happened Today

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Singapore headline inflation hits 5.6% in May on broad-based increase in consumer prices

SINGAPORE consumer prices continued to climb in May, with headline inflation hitting 5.6 per cent, up from 5.4 per cent in April, according to the latest data on Thursday (Jun 23).


Tighter workplace safety regulations in the works following spate of work site deaths

A HARMONISED disqualification criteria is being developed for public sector construction tenders to disqualify contractors with poor work practices, announced Manpower Minister Tan See Leng on Thursday (Jun 23).


Malaysia state firm weighs IPO for RM1b palm oil arm: sources

MALAYSIA'S state-owned investment firm Johor Corp could seek to raise about 1 billion ringgit (S$315 million) in an initial public offering (IPO) of its plantation unit, according to people with knowledge of the matter.


Bidders weigh offers valuing Toshiba at up to US$22b: sources

BIDDERS for Toshiba are considering offering up to 7,000 yen per share to take the troubled Japanese conglomerate private, 3 people familiar with the situation told Reuters, valuing the deal at about US$22 billion.


Citi announces internal promotions, search for successors underway

CITI on Thursday (Jun 23) announced the appointments of 2 cluster heads in Asia with immediate effect.


The STI today

Singapore stocks end flat amid cautious sentiment over Powell remarks

SINGAPORE shares ended Thursday (Jun 23) unchanged, after Federal Reserve chairman Jerome Powell signalled that while a recession is possible, a soft landing is still in the works.

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