Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s factory output shrinks 0.8% in October, with further contraction expected

SINGAPORE’S factory output contracted 0.8 per cent year on year in October, a reversal from the previous month’s gains of 1.6 per cent, according to data from an Economic Development Board (EDB) release on Friday (Nov 25).

Companies deleveraging while households gear up to buy property: MAS financial stability review

THE unwinding of pandemic-induced precautionary buffers has made Singapore’s companies, households and banks more financially vulnerable this year, said the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Friday (Nov 25).

Singapore services receipts up 14.5% in Q3

SINGAPORE’S services industries saw their takings rise 14.5 per cent year on year in the third quarter, easing from the 15.6 per cent growth rate in Q2, according to Department of Statistics (Singstat) figures on Friday (Nov 25).

Malaysia’s inflation rate eases to 4% in October, above economists’ forecast

MALAYSIA’S year-on-year inflation continued to ease in October, with the consumer price index (CPI) slowed to 4 per cent, lower than 4.5 per cent in the previous month.

Voluntary conditional cash offer for Chip Eng Seng turns mandatory

CHIP Eng Seng chairman Celine Tang’s voluntary conditional cash offer to acquire the property player has turned mandatory, after she and her husband, Gordon Tang, purchased 6.3 million shares of Chip Eng Seng in early trade on Friday (Nov 25).

Robo-advisers want to be more than a one-trick pony

INVESTING today feels quick and painless – a few clicks, and access to a bewildering array of funds, equities and bonds opens up. Paralysed by uncertainty? Robo-advisers are on hand to shape a portfolio based on your risk appetite and themes.

The STI today

STI down 0.3%, regional markets hit by China Covid fears

SINGAPORE stocks fell on Friday (Nov 25), mirroring broad declines in the region as a surge in Covid-19 cases in China cast a looming shadow over the reopening of the world’s second-largest economy.