Daily Debrief: What Happened Today
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Singapore tourist arrivals surpass one million in March, first time since 2020
SINGAPORE’S international visitor arrivals surpassed one million in March, for the first time since the pandemic began in 2020, the latest figures from the Singapore Tourism Board showed on Thursday (Apr 20).
Ageing Singapore can stay economically vibrant by growing workforce, productivity: Ong Ye Kung
SINGAPORE can stay economically vibrant even as it becomes “super aged”, by continuing to grow the workforce and drive productivity, said Health Minister Ong Ye Kung on Thursday (Apr 20).
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DEAL flow in South-east Asia slowed in 2022, with a sharp decline in the second half of 2022, according to data from a Bain & Company report. However, the regional energy transition is a bright spot attracting more investor interest.
SMEs turn contractionary after eight consecutive quarters of expansion: OCBC
THE OCBC SME (small and medium-sized enterprises) Index turned contractionary for the first quarter of 2023 after eight consecutive quarters of expansion, based on data released by the bank on Thursday (Apr 20).
MAS sets aside S$15 million with 5-year extension of sustainable bond and loan grant schemes
THE Monetary Authority of Singapore (MAS) will set aside S$15 million for the sustainable bond and loan grant schemes, which will be expanded to include transition bonds and loans.
Ascott targets to double fee revenue to over S$500 million in next five years
CAPITALAND Investment’s (CLI) lodging arm The Ascott plans to achieve fee revenue of more than S$500 million over the next five years, about double of its FY2022 revenue of S$258 million.
Corporate Earnings
- Marina Bay Sands’ Q1 net revenue rises to US$848 million as casino takings hit new record
- Keppel Corp posts 9% rise in Q1 revenue to S$2.3 billion
The STI today
Singapore shares dampened by Fed rate hike expectations; STI drops 0.3%
SINGAPORE shares were down on Thursday (Apr 20) as investor sentiment was dampened by expectations for further rate hikes from key central banks.
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