Daily Debrief: What Happened Today

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Salary, dismissal claims ease in 2021; MOM rolls back 2 Covid-linked notification rules

THE overall incidence of employment claims and appeals fell in 2021, compared to the year before, alongside Singapore’s economic recovery from Covid-19, according to the Employment Standards Report 2021 released on Monday (Jul 18).

Singapore banks urged to aim for transition out of SOR by Mar 31, 2023

SINGAPORE’S banks are strongly urged to make reasonable efforts to actively transition out of or insert appropriate contractual fallbacks into all Swap Offer Rate (SOR) contracts maturing after Jun 30, 2023 by Mar 31, 2023, the steering committee for Sor & Sibor Transition to Sora said on Monday (Jul 18).

Singaporeans’ inflation expectations ease: poll

SINGAPOREANS’ expectations for headline inflation for the year ahead has fallen, down to 3.9 per cent from 4.1 per cent last quarter due to a dampened growth outlook, according to this quarter’s Singapore Index of Inflation Expectations (SInDEx) results.

Framework for ‘equitable’ sharing of scam losses taking longer than expected: MAS

THE process of developing a framework for equitable sharing of losses affecting scam victims has been taking longer than expected, the Monetary Authority of Singapore (MAS) said in an update on Monday (Jul 18).

Economic disparities, differing policies holding back Asean’s energy transition plans

THE Asean (Association of South East Asian Nations) power grid was first mooted in the late 1990s as a way for South-east Asian nations to cooperate in energy efficiency and conservation, as well as work on developing renewable energy sources.

The STI today

Singapore stocks climb on Wall Street strength; STI up 0.7% on Monday

THE Straits Times Index (STI) gained 0.7 per cent or 22.61 points to close at 3,121.76 points on Monday (Jul 18), tracking a rally on Wall Street last Friday.