Daily Debrief: What Happened Today

Stories you might have missed

BCA expects S$27-32b in Singapore construction demand; analysts positive on local companies

THE value of construction contracts to be awarded in 2023 is projected to range between S$27 billion and S$32 billion this year, Singapore’s Building and Construction Authority (BCA) said on Thursday (Jan 12).

No setback for Singapore’s plans to import clean energy as sun sets on Sun Cable: EMA

THE surprise collapse of Sun Cable, a company that has been in talks with Singapore for the past two years to supply solar power via potentially the world’s longest submarine cable from Down Under, will not derail the city-state’s target to import clean energy, according to Singapore’s energy market regulator.

Singapore property investment sales drop in Q4, but end stronger for full year

INVESTMENT sales of Singapore property, which cover big-ticket deals of at least S$10 million, languished in the fourth quarter, according to separate figures from consultants CBRE and Knight Frank.

PropNex calls for ABSD rule tweaks for upgraders, more OCR land in Budget 2023

MAINBOARD-LISTED real estate agency PropNex has urged for the additional buyer’s stamp duty (ABSD) remission treatment for married couples upgrading from HDB flats to private homes to be aligned with that of those upgrading to new executive condominiums (ECs) from developers.

DBS sees boost to regional stocks on Asean festivities without restrictions

DBS Group Research encouraged investors to pivot to companies with resilient earnings that will benefit from the global reopening and festivities – particularly Asean consumer staple and discretionary stocks. 

Six former Keppel O&M staff issued stern warnings for bribery-related offences

THE Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six individuals who were previously senior management staff of Keppel Corporation’s Offshore & Marine (O&M) unit, on Thursday (Jan 12).

The STI today

Singapore stocks slip ahead of US inflation report; STI down 0.1%

THE Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data.