Daily Debrief: What Happened Today

Stories you might have missed

EMA extends temporary electricity scheme, other measures till end-March 2023

THE Energy Market Authority (EMA) will extend the Temporary Electricity Contracting Support Scheme (Trecs) and a number of other measures to enhance Singapore’s energy security and resilience till Mar 31, 2023, in view of the “protracted volatilities in the global energy market”.

Super-sized Fed rate hikes look set to push US into recession

THE US Federal Reserve is continuing its all-out war on inflation, reacting to the highest consumer price increases in 4 decades with the biggest interest-rate hike in 28 years.

AEM to add 300 jobs in Singapore, Malaysia, US expansion

MAINBOARD-LISTED AEM Holdings, the provider of semiconductor and electronics testing solutions, announced Thursday (Jun 16) that it is expanding its operations in Singapore, Malaysia and the US.

A prolonged Russia-Ukraine war could raise the spectre of secondary oil sanctions

AS the Russia-Ukraine conflict drags on, commodities experts seem split on whether Washington will indeed step up sanctions against Moscow, more specifically secondary sanctions that could prevent other countries from buying Russian oil.

SEE ALSO

Daily Debrief: What Happened Today

Singtel to pay S$330m to raise Intouch stake to 24.99% in deal with Temasek

SINGTEL on Thursday (Jun 16) proposed to raise its stake in Intouch Holdings to 24.99 per cent from 21.21 per cent by acquiring an additional 3.78 per cent stake from Temasek's wholly-owned subsidiary Anderton Investments.

The STI today

Singapore stock market’s rally fizzles out, closes 0.3% down

THE Singapore market couldn’t decide which way to go on Thursday (Jun 16), as with the key bourses in the Asia-Pacific, which finished divided after the United States central bank raised its policy rate by 0.75 per cent overnight.