Daily Debrief: What Happened Today

Stories you might have missed

Singapore should maintain or improve EV incentives to meet clean-transport goals: analysts

TAKE-UP rates of passenger electric vehicles (EVs) continue to grow in Singapore, thanks to government incentives – but these will need to be extended beyond their end-2023 expiry dates, or even improved, if the Republic is to achieve its clean-transport goals, say industry watchers.

Speaker Tan Chuan-Jin, MP Cheng Li Hui resign due to ‘inappropriate relationship’

SPEAKER of Parliament Tan Chuan-Jin and Tampines GRC Member of Parliament (MP) Cheng Li Hui have stepped down from their positions as they were in an “inappropriate relationship”, Prime Minister Lee Hsien Loong announced in a press conference on Monday (Jul 17).

Singapore key exports down 15.5% in June in ninth straight month of decline

SINGAPORE’S exports fell 15.5 per cent year on year in June on the back of declines in both electronic and non-electronic shipments, extending the previous month’s decline, data from Enterprise Singapore (EnterpriseSG) showed on Monday (Jul 17).

New private home sales slump in June amid few launches, but sales set to rise strongly in July

DEVELOPERS sold 278 private residential units in June 2023, a 73.2 per cent fall from May’s figures of 1,039 units, and fewer than the 488 units sold in the same period the year before.

JLC Advisors’ ex-managing partner Jeffrey Ong jailed 19 years

FORMER managing partner of JLC Advisors Jeffrey Ong Su Aun was on Monday (Jul 17) sentenced to 19 years’ imprisonment, after he pleaded guilty to 10 charges, including offences of cheating and criminal breach of trust as an attorney.

The STI today

Local shares begin the week slightly higher as traders focus on earnings season

SINGAPORE stocks began the week in the black, as investors kept a close watch on the commencement of listed companies’ financial results announcements both locally and in the US.