Daily Debrief: What Happened Today

Stories you might have missed

MAS policy change still not expected as Singapore headline inflation ticks up in April, core remains flat

SINGAPORE’S headline inflation rose in April, even as core inflation stayed the same compared with March, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (May 23). Inflation across categories was mixed.

Prepayment model can deliver knockout punch to gyms in long term: industry observers

WHEN gyms close abruptly, customers often cannot recover prepaid sums – and such prepayments themselves may have made the collapses more likely, said industry watchers and players.

SGX to launch depository receipts for Airports of Thailand, CP All, PTT E&P

SINGAPORE investors will soon be able to buy direct exposure to three of Thailand’s largest listed companies, through newly launched Singapore depository receipts (SDRs).

Demerit system for manufacturing, stricter criteria for public tenders among workplace safety changes

SINGAPORE’S workplace safety demerit point system will be extended to the manufacturing sector, and stricter safety requirements will be added to government tenders, among several moves to improve workplace safety and health (WSH).

S&P downgrades SingPost’s credit rating to ‘BBB’ as prospects continue to weaken

S&P Global Ratings on Tuesday (May 23) downgraded its long-term issuer credit rating on Singapore Post (SingPost) to “BBB” from “BBB+”, as weakness in the group’s post and parcel segment may be more prolonged than previously anticipated.

The STI today

Singapore stocks rise amid improving sentiment; STI up 0.2%

THE Straits Times Index (STI) rose 0.2 per cent or 6.99 points to 3,218.08 on Tuesday (May 23) amid improving market sentiment.