Daily Debrief: What Happened Today

Stories you might have missed

Big Four audit firms dangle higher pay to keep Singapore talent

THE Big Four accounting firms are showering staff with pay increases in Singapore, where an acute labour shortage is driving a fierce contest for talent.

CapitaLand, Link Reit vying for NTUC’s S$4b mall portfolio: sources

CAPITALAND Integrated Commercial Trust (CICT) and Link Real Estate Investment Trust (Link Reit) are among bidders vying for NTUC Enterprise Co-operative Ltd’s S$4 billion portfolio of shopping malls in Singapore, people with knowledge of the matter said.

Non-landed luxury property deals spike in Q2 as Singapore’s borders reopen

ENQUIRIES for luxury properties in Singapore have shot up in tandem with increased visitor arrivals over the second quarter of 2022, leading to a spike in overall volumes transacted.

Uncertainty for O&G sector’s profits as world aims for net-zero: Sustainable Fitch

PROFITS in the oil and gas (O&G) sector in the next 10-15 years will be volatile, as companies have not been able to come up with a business strategy to shift away from fossil fuel production, Sustainable Fitch analysts said in a report published Thursday (Jul 21).

ADB cuts Asia GDP forecast as China sticks to Covid Zero

THE Asian Development Bank cut its forecast for gross domestic product (GDP) growth in developing Asia this year as China’s Covid Zero approach to containing the virus creates ripple effects on regional supply chains and economic development.

Corporate Earnings

• Strong recovery at MBS props up Las Vegas Sands’ earnings in Q2
• Japan Foods back in the black with S$1.4m profit for Q1

The STI today

Singapore stocks slip amid Europe, China uncertainties; STI falls 0.6%

THE Straits Times Index (STI) fell 0.6 per cent or 17.99 points to close at 3,152.30 points on Thursday (Jul 21), as uncertainties in Europe and China weighed on market sentiment.