Daily Debrief: What Happened Today

Published Fri, Aug 12, 2022 · 06:30 PM

Stories you might have missed

Economists ponder if Singapore’s trade growth upgrade driven by inflation or external demand

While some economists believe the trade growth upgrade is indicative of export resilience, others believe it reflects rising prices rather than demand per se.


Philippines’ Globe Telecom to sell over 7,000 towers; expects 71b pesos in proceeds from sale so far

It intends to use the bulk (75 per cent) of proceeds to fund capital expenditures to support ongoing network expansion, as well as sustain network consistency and reliability scores.


NTUC to engage 20,000 people through feedback exercise

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THE labour movement is planning to engage some 20,000 people in a feedback-gathering exercise that it hopes can pave the way in shaping Singapore’s social compact around work and employment.


Malaysia economy expands 8.9% in Q2, exceeding majority of forecasts

Malaysia’s economy expanded by 8.9 per cent year-on-year in the second quarter of this year, mainly supported by domestic demand, improving labour market and resilient exports, said Bank Negara governor Nor Shamsiah Mohd Yunus.


After a Covid-fuelled adrenaline rush, biotech is crashing

The biotech industry is particularly vulnerable to the syndrome of slowing economic growth, higher inflation and rising interest rates.


Corporate Earnings


The STI today

Singapore stocks pull back, erase weekly gain as rate hike fears return; STI down 1%

The STI closed 32.69 points lower at 3,269.27, while Asia-Pacific markets ended mixed.

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