Daily Debrief: What Happened Today

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Industries must support local training efforts for jobs to be added to shortage occupation list: Tan See Leng

FOR an occupation to make it into the “shortage occupation list” (SOL) for employment passes (EPs) to be issued to foreigners, industry sectors must show clear plans and a commitment to develop local talents in such jobs, Minister for Manpower Tan See Leng said in Parliament on Monday (May 8).

89% of depositors fully insured under Deposit Insurance Scheme; MAS to seek public consultation on scheme by end June

SOME 89 per cent of depositors in Singapore are fully insured under the Deposit Insurance (DI) Scheme, said Minister of State for Trade and Industry Alvin Tan in Parliament on Monday (May 8).

COE quotas get one-time redistribution boost; long-term price uptrend likely to continue: Iswaran

THE Land Transport Authority (LTA) will bring forward deregistrations and redistribute about 6,000 non-extendable five-year certificates of entitlement (COEs) that are due to expire in the next projected supply peak.

Sias: Minority shareholders should reject offer for Global Palm shares

MINORITY shareholders of mainboard-listed Global Palm Resources (GPR) should reject the offer by its chief executive and family members to take the company private at S$0.25 per share, said the Securities Investors Association (Sias) in a statement on Monday (May 8).

Most Sea employees to get 5% raise, now that company is profitable: Bloomberg

SEA is giving a 5 per cent salary bump to most of its employees from July, reported Bloomberg on Monday (May 8).

The STI today

Singapore stocks end lower on Monday; STI down 0.3%

SINGAPORE stocks ended lower on Monday (May 8), with the the Straits Times Index (STI) losing 0.3 per cent or 8.97 points to 3,257.66.