Daily Debrief: What Happened Today

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Singapore employment grows by 64,400 in Q2 on return of non-resident workers

EMPLOYMENT levels grew at a faster pace this quarter than in Q1, where it grew by 42,000 or 1.2 per cent, the ministry noted.

Singapore, New York lead global rent hikes in H1

RENT in the 2 cities, located at opposite ends of the world, surged by 8.5 per cent in the first half of this year, according to a report by Savills published on Friday (Jul 29). 

ThaiBev may opt not to proceed with BeerCo spin-off; ‘no final decision’ on timing

THAIBEV was responding to a recent international media report by IFR that the BeerCo listing has been “pushed back… to September-October subject to an improvement in market conditions”.

China carmakers jostle for an edge in autonomous driving

AS CHINESE cities pave the way for more self-driving cars to whiz around their streets, the country’s carmakers are jockeying for position in what they predict will soon be a huge market.

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Daily Debrief: What Happened Today

Techies take on South-east Asia’s food waste problem

LAST year, Singapore generated 817,000 tonnes of food waste, up 23 per cent from the prior year amid increased post-pandemic economic activity.

Corporate Earnings

• UOB’s Q2 earnings up 11% to S$1.1b; CEO Wee expects Asean economies to stay resilient

• CDL Hospitality Trusts H1 DPS jumps 67.2% on strong leisure demand

• Far East H-Trust H1 DPS climbs 40% on divestment gains

• Ascott Residence Trust H1 DPS up 14% on travel recovery boost

The STI today

Singapore stocks hit by heightened recession worries; STI down 0.3%

THE Straits Times Index (STI) dipped 9.09 points or 0.28 per cent to 3,211.56 points on Friday (Jul 29), following reports about the world’s two largest economies facing economic headwinds.