Daily Debrief: What Happened Today
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Singapore's total employment in Q2 sees biggest quarterly contraction on record
THE total number of people working between April and June shrank by 121,800, a more-than-fourfold fall compared to the 25,700 seen in Q1.
Consultation report recommends phasing out Sibor in 3-4 years, and replacing it with SORA
THE proposed shift will support the deepening of SORA markets, resulting in more transparent loan-market pricing for borrowers, and more efficient risk management for lenders.
NTUC, unions rebuke 'unfair' layoffs at P&W, SIA Engineering joint venture
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THREE unions and the National Trades Union Congress (NTUC) have publicly censured and halted "unfair" layoffs that reportedly affected more than a hundred workers at aircraft maintenance, repair and overhaul (MRO) company Eagle Services Asia.
Utico seeks Sias endorsement as Hyflux judicial management looms
THE offer could "save" the distressed water treatment firm from judicial management (JM) and guarantee the highest possible recovery for the holders of Hyflux's perpetual securities and preference shares (PnP), Utico said in a press statement on Wednesday.
TD Ameritrade Singapore removes commissions on online stock, ETF and option trades
THE move, which will take effect on Aug 3, slashes fees from US$10.65 to zero and clients trading options will now pay US$0.70 per contract with no exercise or assignment fees.
DBS to pilot face-verification tech to lure more digital banking signups
SINGAPORE'S largest bank has partnered the Government Technology Agency of Singapore (GovTech) to pilot the latter's SingPass face-verification technology to draw new digital banking users.
Surbana Jurong, Nippon Koei tie up to create urban development solutions
SURBANA Jurong and Nippon Koei will harness their combined knowledge and experience in climate change adaptation, resilience enhancement and smart technologies to deliver these solutions.
Corporate earnings
The STI today
STI down 0.37% on muted trading
MUTED trading continues among Singapore's blue chips, with the Straits Times Index (STI) down 9.52 points or 0.37 per cent to 2,573.45.
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