Daily Debrief: What Happened Today

Stories you might have missed

Local banks race to raise interest rates on savings accounts

IN THE span of 2 days, OCBC and UOB both raised the interest rates of their savings accounts in a bid to stay competitive amid a rising rate environment.

New suburban condos now cost 53.6% more than million-dollar HDB flats: OrangeTee

A NEW condominium in the suburbs now costs at least 50 per cent more than a 4-room million-dollar Housing and Development Board (HDB) flat in any location.

GXS bank launches new savings account for select customers

THE Grab-Singtel digital bank, GXS Bank, has launched a savings account - its first product for employees of Grab and Singtel and selected customers in their ecosystem.

Enterprise Sustainability Programme benefits over 300 local SMEs, 40 projects: Low Yen Ling

OVER 300 local small and medium-sized enterprises (SMEs) participated in awareness and education programmes, while more than 40 sustainability-related projects are being developed as part of the Enterprise Sustainability Programme (ESP), with support from Enterprise Singapore (EnterpriseSG).

Sheng Siong, Delfi among Asean winners from inflationary pressures: DBS

DESPITE the overhanging pressures from an inflationary economic environment, several retailers with exposure in Indonesia and Thailand have surprised with higher revenues year on year due to higher sales and the ability to pass on higher costs to consumers.

'Clean label' products puts deli founder on track for meaty returns

IT'S a warning that most doctors or dieticians will dish out: consuming too much processed meat is bad for one's health. And that is why Nicholas Lee, the founder of local deli meat business Jill's Sausages, wants to offer a guilt-free alternative with his "clean label" sausages and hams.

The STI today

STI falls 0.6%, taking its cue from Wall Street's overnight losses

SINGAPORE shares buckled under selling pressure, tracking overnight losses in Wall Street as latest robust jobs data out of the world's largest economy compounded fears of aggressive rate hikes by the US Federal Reserve.

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