Daily Debrief: What Happened Today

Stories you might have missed

Infocomm sector grows 8.6% in 2022; new digital connectivity blueprint to support further growth

SINGAPORE’S information and communications sector grew 8.6 per cent in 2022, outpacing the 3.6 per cent growth clocked by the overall economy, according to a new Digital Connectivity Blueprint unveiled on Monday (Jun 5).

Singapore’s April retail sales up 3.6%; most industries report yoy gains

SINGAPORE’S retail sales rose 3.6 per cent year on year in April, extending last month’s growth, with the food and alcohol, and cosmetics, toiletries and medical goods industries posting the highest growth.

Singapore Turf Club to close in 2027, freeing land in Kranji for housing, other uses

AFTER almost two centuries, the Singapore Turf Club (STC) will run its last race in 2024. The government on Monday (Jun 5) announced that it will take back 120 hectares of land in Kranji, now occupied by STC, and redevelop it for housing, including public housing.

Sembcorp exploring sale of waste management unit; early talks started with selected parties

SEMBCORP Industries confirmed that it was exploring a potential sale of SembWaste, its waste management unit, as part of its “ongoing strategic initiatives to maximise shareholder value”.

Digital Core Reit warns DPU could be halved as second-largest tenant goes bust

THE manager of Digital Core real estate investment trust (Reit) on Monday (Jun 5) warned that the Reit’s distribution per unit (DPU) could be reduced by about US$0.02 cents if the annual revenue of its second-largest tenant were to be completely eliminated.

The STI today

Singapore shares buoyed by Wall Street rally; STI up 0.7%

SINGAPORE shares rode on the Wall Street rally last Friday to start the week on an upbeat note, with the blue-chip barometer Straits Times Index (STI) rising 22.71 points or 0.7 per cent to 3,189.01 points at market close on Monday (Jun 5).