Daily Debrief: What Happened Today
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Layoffs, hiring freezes ripple through tech ecosystem as investors push for cost discipline
IT was not so long ago that the tech ecosystem was driving up the costs of rentals and manpower. But the sector is now showing signs of slowing, with multiple companies announcing hiring freezes and layoffs.
Job vacancies hit new high of 128,100 in Q1: MOM
JOB vacancies in Singapore rose to a new high in the first quarter of 2022, while a higher re-entry rate of 72 per cent was observed among residents 6 months after retrenchment, according to the Ministry of Manpower’s (MOM) Labour Market Report on Friday (Jun 17).
Singapore exports tipped to stay firm in 2022 despite global slowdown risks
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SINGAPORE’S trade sector is expected to stay resilient in 2022, despite rising threats to external demand in key end-markets, economists indicated on Friday (Jun 17).
EY invests over US$1b in assurance technology platform amid changing needs
PROFESSIONAL services organisation EY on Friday (Jun 17) said it is investing more than US$1 billion in an assurance technology platform that will aim to support the changing needs of capital markets.
China ETFs register significant net outflows in June: SGX
AFTER seeing 25 straight months of inflows, China equities exchange-traded funds (ETFs) bucked the trend with June month-to-date recording net outflows of S$6 million, recent Singapore Exchange (SGX) data show.
The STI today
Singapore stock market caps week roiled by rate hikes with 0.02% gain on Friday
THE Singapore market capped a week roiled by some major central banks’ policy rate hikes with the Straits Times Index (STI) posting a modest gain of 0.02 per cent or 0.66 points to 3,098.09 on Friday (Jun 17), as it gave the sell-off seen at Wall Street overnight and some regional bourses a miss.
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