Daily Debrief: What Happened Today

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UK PM Johnson to resign on Thursday: BBC

BRITISH Prime Minister Boris Johnson will resign on Thursday (Jul 7), several media outlets including the BBC reported.

Singapore unemployment rate flat at 2.2% in May, likelihood of downturn ‘low’: MOM

SINGAPORE’S unemployment rates in May stayed unchanged from the month before, and the likelihood of a downturn remains low, the Ministry of Manpower (MOM) said on Thursday (Jul 7).

HDB resale prices log 24th month of increase; June prices up 11.4% from a year ago: SRX, 99.co

RESALE prices of Housing and Development Board (HDB) flats increased for the 24th consecutive month in June, while volumes fell from a month ago, according to flash estimates from property portal SRX and 99.co released on Thursday (Jul 7).

MiRXES signs MOU with project to develop test for early cancer detection, will invest about S$50m

BIOTECH startup MiRXES has signed a memorandum of understanding (MOU) with a clinical research project for the discovery and validation of a test for the early detection of cancer.

Hong Kong suspends flight bans as it eases Covid-19 rules

HONG Kong has suspended a rule that banned individual flights for bringing in passengers infected with the Covid-19 virus, as it caused “unnecessary trouble” and inconvenience to residents of the global financial hub, the government said on Thursday (Jul 7).

The STI today

Singapore stocks close higher on Thursday, tracking regional gains; STI up 0.8%

SINGAPORE shares made gains on Thursday (Jul 7), mirroring a rally in regional markets as lower oil prices provided some relief to investors.