Daily Debrief: What Happened Today

Stories you might have missed

S$8b in continued Covid-19 support, including extension of Jobs Support Scheme

A FURTHER S$8 billion in continued Covid-19 support is on the way, including up to seven more months of wage subsidies; a new S$1 billion Jobs Growth Initiative for sectors that are still hiring; and an extended grant for Singaporeans who are unemployed or have seen significant income loss.

Singapore non-oil exports up 6% in July

SINGAPORE'S non-oil domestic exports (NODX) continued to rise in July, up 6 per cent year on year and outdoing the 3.6 per cent consensus forecast among economists in a Bloomberg poll, according to data from trade agency Enterprise Singapore on Monday

Developers sell 1,080 Singapore private homes excluding ECs in July, up 8.2% from June

INCLUDING ECs, which are a public-private housing hybrid, developers found buyers for 1,142 units last month, an increase of 10.8 per cent from the 1,031 units they sold in June this year.

Two adjoining plots at Jalan Lembah Kallang for sale at S$17m guide price

SITTING on a land zoning of Business 1 Industrial, they both have 43 years remaining in their 99-year leasehold tenures effective from Sept 1, 1964 and July 1, 1964, respectively.

Keppel associate Floatel's bonds forbearance agreement extended to Aug 31

SIGNED in April, the forbearance agreement has been extended several times, and relates to about US$22.8 million in coupon payments due under both the first-lien and second-lien bonds.

Singapore Reinsurance proposes sale of its 85% stake in publishing unit for S$1.3m

SINGAPORE Reinsurance Corporation has proposed to sell its stake in subsidiary INS Communications, a publishing and conference organisation company, for S$1.3 million in cash.

Corporate earnings

The STI today

STI closes 0.4% lower despite new Covid-19 support measures

THE benchmark Straits Times Index (STI) ended Monday down 9.77 points or 0.4 per cent at 2,571.55, even after the Singapore government unveiled additional support measures totalling S$8 billion to tide workers and businesses over the coronavirus pandemic.