Daily Debrief: What Happened Today

Published Wed, Aug 12, 2020 · 10:30 AM

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    Three in four new jobs in financial sector go to locals: MAS

    SINGAPORE'S financial sector has created 22,000 net jobs between 2015 and 2019, and of these, three out of four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on Wednesday.

    Singapore's openness places it in good stead amid supply chain reshuffling: Chan Chun Sing

    EVEN as trade tensions threaten to lead to a "bifurcation" of trade, Singapore can continue to be an integrator, and a base which welcomes everyone to come and do business, he said during a webinar on the economic outlook for trade.

    BCA announces measures to accelerate restart of construction projects

    DECODING ASIA

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    THE Building and Construction Authority (BCA) on Wednesday said it is implementing further measures to accelerate the resumption of construction work, as almost all foreign dormitories have been declared cleared of Covid-19 by the Inter-Agency Taskforce (ITF).

    Sydney's Taronga Ventures to headquarter Asia operations in Singapore

    AUSTRALIA-BASED venture capital firm Taronga Ventures on Wednesday said it will anchor its Asia headquarters in Singapore, to expand its "real estate-focused innovation and investment ecosystem" for the region.

    HSBC announces two Singapore-based senior appointments

    HSBC Private Banking on Wednesday said it has appointed Ken Ng as its Singapore market head, and Gary Goh as its market head for Malaysia.

    Hatten Land to assign Malacca mixed-use project's IP rights to Tayrona for US$60m

    HATTEN Land was the concept originator and project developer of Harbour City - a marine-themed mixed-use development featuring a mall, a 50,000 square-foot water theme park and a luxury hotel.

    Corporate earnings

    The STI today

    STI up 0.75 per cent to 2,563.20

    THE Straits Times Index (STI) inched up 0.75 per cent to 2,563.20 on Wednesday, but the number of decliners slightly outstripped the number of advancers in the broader market.

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