Daily Debrief: What Happened Today
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Singapore retail sales up 11.2% in September, extending August’s growth
SINGAPORE’S retail sales continued to increase on year in September, while reversing the seasonally adjusted month-on-month decline in August to mark growth in September, going by the latest figures from the Department of Statistics (Singstat) on Friday (Nov 4).
One in two food delivery riders want CPF contributions; some fear it may backfire
AMID heightened debate over gig worker protections and their impact on tech business models, a new study from the Institute of Policy Studies (IPS) in Singapore has found about half of food delivery riders wanted Central Provident Fund (CPF) contributions.
The high costs of neglecting workplace safety
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ON a fateful Sunday recently, a 68-year-old Grab car driver took the last ride of his life. His death after an accident in Ang Mo Kio was Singapore’s 40th workplace casualty this year.
THE first major carbon credit auction brokered by the Singapore-based Climate Impact X (CIX) has fetched US$27.80 per credit, which translates to a premium of close to 40 per cent above current spot prices for major credits of similar vintage, the carbon marketplace said.
Asia-Pacific Strategic Investments to acquire MoneySmart at raised price tag of S$221.5m
HOTEL operator Asia-Pacific Strategic Investments (APS) on Friday (Nov 4) proposed to acquire Catapult Ventures, which owns personal financial marketplace MoneySmart, for a raised price tag of S$221.5 million.
Corporate Earnings
- OCBC Q3 profit rises 31% to S$1.6b; net interest margin sees stronger expansion than peers
- CapitaLand Investment fund management earnings up 6.3% in Q3
- ARA H-Trust records net property income of US$11.9m for Q3
- Elite Commercial Reit posts 7.8% lower DPU despite higher revenue
The STI today
Singapore stocks climb as traders plough in after Fed hike decision; STI up 0.9%
SINGAPORE shares picked up the pieces from the previous day’s rout sparked by the Federal Reserve’s half-hearted dovish stance and recovered some ground on Friday (Nov 4) alongside most regional peers.
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