Daily Debrief: What Happened Today

Stories you might have missed

HPL’s Ong Beng Seng arrested, out on bail for Iswaran-linked CPIB probe

CO-FOUNDER and managing director of Hotel Properties Limited (HPL), Ong Beng Seng, has been asked by the Corrupt Practices Investigation Bureau (CPIB) to provide information on his interactions with Minister for Transport S Iswaran.

Singapore narrowly avoids technical recession in Q2 as GDP grows 0.7% year on year, 0.3% quarterly

SINGAPORE’S economy grew 0.7 per cent year on year in the second quarter of 2023, dragged by a deeper downturn in the manufacturing sector, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Jul 14).

Singapore tourist arrivals up in June, surpass one million for fourth straight month

SINGAPORE’S international visitor arrivals climbed to 1.13 million in June, exceeding the one-million mark for the fourth consecutive month and recovering from May’s slight dip.

Singapore semiconductor manufacturers unaffected by China’s metal export curbs

SEMICONDUCTOR companies in Singapore do not expect China’s recent export curbs on gallium and germanium – metals key to the making of chips – to have a major impact on operations because they source their materials from multiple countries.

NTUC launches ‘starter’ membership with perks aimed at young people

THE labour movement is hoping to draw some 2,500 young people aged 18 to 25 to its new membership programme that offers tailored perks and career programmes.

No buffets needed: Today’s investor is more savvy, more challenging for companies to engage

MANO Sabnani owns shares in many of the companies listed on the Singapore Exchange (SGX), and he attends a number of annual general meetings (AGMs) each year to keep himself updated on his investments. 

The STI today

STI rises 0.3% as upbeat mood over cool inflation continues

SINGAPORE shares rallied on Friday (Jul 14) as risk appetite surged with more data showing easing price pressures in the US, fanning hopes that the US Federal Reserve’s tightening trajectory is close to an end.