Daily Debrief: What Happened Today

Stories you might have missed

MAS proposes key criteria for early retirement of coal plants; disclosure guidelines for ESG ratings providers

FOR the early retirement of coal-fired power plants to be considered credible, they have to be shut by 2040, demonstrate emissions savings and be replaced by clean-energy production.

Condo rents fall, HDB rents rise in May on lower leasing volumes: SRX, 99.co

RENTAL market demand for condominiums and Housing and Development Board (HDB) flats continues to be choppy, with volumes falling in May after rebounding the month before.

Shanmugam, Vivian’s Ridout rents at S$26,500 and S$19,000; reviews by CPIB, SM Teo find no wrongdoing

A CORRUPT Practices Investigation Bureau (CPIB) review of state-owned bungalows being rented to two ministers found “no evidence of corruption or criminal wrongdoing”, while one by Senior Minister Teo Chee Hean found that all parties “conducted themselves properly” in the transactions.

SIA’s Goh Choon Phong sees total annual pay jump 86% to S$6.7 million

SINGAPORE Airlines (SIA) chief executive officer Goh Choon Phong’s remuneration rose 86 per cent to S$6.7 million for the financial year just ended.

GuocoLand obtains S$974 million green club facility raised under new green finance framework

GUOCOLAND on Wednesday (Jun 28) said it obtained a S$974 million green club facility, raised under its newly-established green finance framework.

E-commerce may not work for all heartland enterprises – and that’s okay

AFTER a Covid-era government push to get Singapore’s small businesses online, both official support and ground interest seem to have cooled for e-commerce.

The STI today

Singapore stocks end Wednesday higher; STI inches up 0.1%

LOCAL shares ended Wednesday (Jun 28) on a slightly more upbeat note alongside most other market indices in South-east Asia, as investors scoured capital markets for opportunities.