Daily Debrief: What Happened Today

Stories you might have missed

Labour demand shows signs of easing in Q1 as job vacancies fall for 4th straight quarter

WHILE Singapore’s labour market remains tight, there are some signs of cooling labour demand in the first quarter, said the Ministry of Manpower (MOM) in the latest Labour Market Report on Thursday (Jun 15).

Private home sales up 17% in May from April, with new launches doubling

DEVELOPERS in Singapore sold 1,038 private homes in May, 17 per cent higher than April’s take-up, but fewer than the 1,355 units moved in the corresponding month the year before.

Siemens to invest 200 million euros in new Singapore plant, create over 400 jobs

SIEMENS has announced plans to invest 200 million euros (S$290.6 million) to build a new high-tech factory in Singapore, which will create over 400 jobs. These include positions in advanced manufacturing, supply chain management, quality management and finance.

TikTok to invest billions of dollars in South-east Asia: CEO

BYTEDANCE’S TikTok will pour “billions of dollars” into South-east Asia over the next few years, said chief executive officer Chew Shou Zi.

Too early to bet against Singapore amid wave of casino openings in Asia, analysts say

SINGAPORE’S integrated resorts (IRs) could struggle to keep their market share as competition intensifies with the opening of new casinos in the region.

Regional markets mixed as US Fed pauses rate hikes but further increases loom

REGIONAL markets traded mixed on Thursday (Jun 15) after the US Federal Reserve at its latest Federal Open Market Committee meeting said it would skip a hike in interest rates.

The STI today

Singapore stocks gain on Thursday as Fed pauses rate hikes; STI up 0.8%

SINGAPORE stocks gained on Thursday (Jun 15) amid mixed trading in the region.