Daily Debrief: What Happened Today
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Asia markets suffer sell-off as Wall Street wobbles; uncertainty could extend into Q3
KEY Asian markets tumbled on Thursday (May 19), as Wall Street ended sharply lower overnight on fresh worries over the US economy after retailer Target Corp missed estimates.
MAS estimates 9,400 new permanent roles for financial sector in 2022
THE Monetary Authority of Singapore (MAS) estimates that there will be more than 9,400 hiring opportunities for permanent roles in the Republic’s financial sector in 2022.
Food Services Industry Transformation Map launched at Restaurant Asia 2022
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AS Singapore emerges from the pandemic, it is critical for the food services sector to reposition itself to seize new opportunities and adopt solutions to future-proof operations, said Minister for Trade and Industry Gan Kim Yong on May 19.
Highly leveraged homeowners may face double whammy from inflation, housing supply: IREUS
A PERFECT storm could potentially be on the horizon for owners of private residential properties in Singapore, especially those who are highly leveraged, said the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
Philippines hikes rate first time since 2018 on price risks
THE Philippine central bank raised its key interest rate for the first time since 2018 to combat South-east Asia's second-fastest inflation.
The STI today
Singapore stocks tumble, tracking US market sell-off; STI down 1.1%
THE Straits Times Index (STI) fell 1.1 per cent or 34.64 points to close at 3,190.71 on Thursday (May 19), following a heavy sell-off overnight across major US indices.
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