Daily Debrief: What Happened Today

Stories you might have missed

About 50% of net GST revenue in 2018 and 2019 paid by tourists, foreigners residing in Singapore

TOURISTS and foreigners residing in Singapore accounted for about half of net Goods and Services Tax (GST) revenue in 2018 and 2019, said Chee Hong Tat, Senior Minister of State for Finance in Parliament on Tuesday (Nov 8). Meanwhile, the top 20 per cent of resident households accounted for close to 20 per cent.

Telco roaming revenues to recover, but stiff competition could still hurt earnings: analysts

TELECOMMUNICATIONS companies reporting their earnings this week are likely to show a positive bump in roaming revenues, analysts said. But the outlook for the sector has not improved all that much, amid stiff competition.

Malaysia’s industrial production beats expectations with 10.8% growth in September

MALAYSIA’S industrial production index (IPI) rose 10.8 per cent year on year in September, supported by robust mining, manufacturing and electricity output, according to latest figures from the Department of Statistics on Tuesday (Nov 8).

Sembcorp shouldn’t stop counting emissions of Indian coal power business after disposal: Non-profit

HOLDERS of Sembcorp Industries’ sustainability-linked debt should not allow the company to stop accounting for the carbon footprint of its Indian coal power business immediately after a sale, a non-profit climate finance-focused organisation said.

Singapore banks’ profitability to face pressure in 2023: Moody’s

THE trio of local banks’ profitability will come under pressure next year amid an anticipated deterioration in asset quality, according to Moody’s Investors Service.

Condo resale volumes slide 11.6% in October; price growth slows: SRX, 99.co

THE number of condominium resale transactions slid 11.6 per cent in October after seeing a slight recovery in September, according to flash figures from SRX and 99.co on Tuesday (Nov 8).

The STI today

Singapore stocks shrug off weak China trade data to inch up on Tuesday; STI up 0.1%

THE Straits Times Index (STI) edged up 0.1 per cent or 4.52 points on Tuesday (Nov 8) to finish at 3,145.83 points, amid mixed trading in Asia following the “warning signs” of China’s weaker-than-expected trade data for October.