Daily Debrief: What Happened Today
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LOCAL workers’ interest in relocating is “maybe even slightly higher than pre-pandemic”, Jaya Dass, managing director at recruitment firm Randstad, told The Business Times, adding that “I think this will increase even more next year” when the pandemic situation stabilises further.
Greenland Group-linked Green Link Digital Bank becomes first digital bank to launch in Singapore
GREEN Link Digital Bank (GLDB), owned by a consortium comprising Greenland Financial, Linklogis Hong Kong and Beijing Co-operative Equity Investment Fund Management, on Friday (Jun 3) began operations in Singapore, becoming among the first digital bank licensees to launch here.
Singapore retail sales up 12.1% in April as tourists return
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ON a seasonally adjusted, monthly basis, sales were up by 1.2 per cent to S$3.7 billion, the Department of Statistics (SingStat) said on Friday (Jun 3). Online retail made up 12.5 per cent.
Layoffs, hiring freezes hit crypto firms Coinbase, Winklevoss twins’ Gemini
GEMINI is among the latest in the cryptocurrency world to announce people cuts and hiring freezes as the industry faces a downturn amid a challenging macroeconomic climate and rising interest rates.
Pump prices in Singapore hit new highs, with costliest grade above S$4 a litre
POSTED prices of 98-octane petrols are between S$3.73 (Sinopec) and S$3.82 (Shell) - up from S$3.64-S$3.74 - while the so-called premium grade of 98-octane fuels are going for between S$3.86 (Sinopec) and S$4.04 (Shell).
Startup ecosystem not as bullish now, but fresh capital is available, says panel
MICHAEL Lints, a partner at venture capital firm Golden Gate Ventures who took part in the discussion, said that the worldwide crisis has affected the way investors look at investing in early- and late-stage companies.
The STI today
Singapore stocks end week slightly higher, STI up 0.2 per cent
SINGAPORE’S benchmark Straits Times Index inched up 0.2 per cent or 5.25 points on Friday to close at 3,231.97.
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