Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s factory output contracts at a slower pace in June, beating expectations

SINGAPORE’S factory output fell 4.9 per cent year on year in June, marking the ninth straight month of contraction, data from the Singapore Economic Development Board (EDB) showed on Wednesday (Jul 26).

Volatile electricity prices zap number of Singapore households on retail contracts

SOME 40 per cent of Singapore households are currently on retail contracts for their electricity needs, down from a peak of nearly 50 per cent in 2021, after wild swings in energy prices and bill shocks drove some consumers back to the default energy provider SP Services.

Ho Kwon Ping, Royston Tan among official backers of Tharman’s presidency

PROMINENT businessmen, former public servants, grassroots leaders and a filmmaker are among those who have thrown their support behind former senior minister Tharman Shanmugaratnam in his bid for Singapore’s presidency.

A*Star starts R&D programme to develop Singapore EV suppliers

A NEW research and development (R&D) programme will build Singapore companies’ capabilities in manufacturing high-performance electric drivetrains, an important component of electric vehicles (EVs).

Singapore hotels’ average room revenue steady in June, overall room revenue slips

SINGAPORE hotels’ average room rate (ARR) was mostly unchanged in June – inching up to S$273.85 and posting a 0.3 per cent increase from May’s S$273.10. This marked a 14.2 per cent jump year on year, Singapore Tourism Board (STB) data showed on Wednesday (Jul 26).

Corporate Earnings

• Suntec Reit posts 27.7% drop in H1 DPU to S$0.03476
• Parkway Life Reit posts 3.3% rise in H1 DPU to S$0.0729

The STI today

Singapore shares up 0.6% ahead of Fed’s policy decision

SINGAPORE shares edged up on Wednesday (Jul 26) ahead of an expected interest-rate hike by the United States Federal Reserve, which will be released in the early hours of Thursday (Singapore time).