Daily Debrief: What Happened Today

Stories you might have missed

Singapore tourist arrivals hit new post-Covid record of 816,758 in October

SINGAPORE’S international visitor arrivals rose for the ninth straight month in October to set another monthly record since the start of the pandemic, going by Singapore Tourism Board’s (STB) latest figures.

Singapore boards need to strengthen corporate governance practices

BOARDS of listed companies in Singapore still have a long way to go when it comes to improving their corporate governance practices - particularly in the areas of board renewal, remuneration disclosure and director training.

Keppel Infrastructure unit in tie-up to explore green projects in Indonesia

KEPPEL New Energy, a subsidiary of Keppel Corporation’s infrastructure arm, will be collaborating with Pertamina Power Indonesia and Chevron New Energies International to explore the development of green hydrogen and green ammonia projects using renewable energy in Indonesia.

Malaysia’s economy expands 14.2% in Q3, exceeding economists’ forecasts

MALAYSIA’S economy expanded 14.2 per cent year on year (yoy) in the third quarter of this year, supported by strong domestic demand, firm recovery in the labour market, and robust exports, said Bank Negara governor Nor Shamsiah Mohd Yunus.

Centurion halts sale process for US assets citing uncertain market conditions

CENTURION Corporation on Friday (Nov 11) said the sale process of its US portfolio assets has been halted due to uncertain market conditions and interest rate environment.

Corporate Earnings

• Sasseur Reit posts 0.4% rise in Q3 DPU to S$0.01838
• Cortina Holdings H1 net profit up 49% on higher revenue

The STI today

Singapore stocks surge as US inflation begins to slow; STI up 1.7%

THE Straits Times Index (STI) climbed 1.7 per cent or 55.15 points to close at 3,228.33 on Friday (Nov 11), as Asian markets rallied on lower-than-expected US inflation.