Daily Debrief: What happened today
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Hotel revenues continue recovery in April as high-end room rates inch higher Hotel room revenue has hit its highest level since the Covid-19 pandemic began, as international visitor numbers continue to recover on border reopenings.
Real wage growth up 1.6% in 2021: MOM Real wage growth was up 1.6 per cent in 2021, slightly higher than the previous year at 1.4 per cent but still lower than the 3.3 per cent recorded in 2019, according to the Ministry of Manpower (MOM) on Monday (May 30).
Sultan Plaza set for relaunch with unchanged S$360m reserve price Sultan Plaza will be relaunched for collective sale on Tuesday (May 31) via public tender with an unchanged reserve price of S$360 million, said exclusive marketing agent Teakhwa Real Estate on Monday.
Hwa Hong mired in intergenerational shareholding dispute The battle for property player Hwa Hong Corporation is an intergenerational dispute among the members of its controlling family, the Ong family.
Singapore banks, tech, Reits favoured by analysts amid growth, inflation concerns Inflationary pressures and weaker growth are likely to have the biggest impact on equity portfolios in the second half of 2022, analysts and strategists told The Business Times.
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The STI today
Singapore stocks kick off week in the black, STI up 0.3% Local shares began the trading week on a more upbeat note, as traders shrugged off concerns about the usual suspects such as inflation, pandemic-induced economic troubles and interest rates.
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