Daily Debrief: What Happened Today

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Singapore exports down 20.6% in December in third straight month of contraction

SINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17).

Tourism receipts total S$13.8b-S$14.3b in 2022; higher forecasts for 2023: STB

SINGAPORE tourism receipts reached an estimated S$13.8 billion to S$14.3 billion in 2022, about half of the 2019 pre-pandemic level, based on preliminary figures, the Singapore Tourism Board (STB) said at their year-in-review on Tuesday (Jan 17).

South-east Asia food delivery GMV growth in 2022 slows to 5%: report

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THE total gross merchandise value (GMV) of South-east Asia’s food delivery platforms in 2022 grew a muted 5 per cent to US$16.3 billion after supercharged growth from the pandemic, according to the Food Delivery Platforms in South-east Asia report by venture builder Momentum Works.

Kitchen Culture, ex-CEO drop legal proceedings, agree to settle

KITCHEN Culture and its former chief executive Lim Wee Li have discontinued their respective legal proceedings against each other after agreeing to a settlement.

Meyer Park en bloc sale relaunched at lower S$390m reserve price

FREEHOLD sea-fronting Meyer Park has been relaunched for collective sale at a lower reserve price of S$390 million after its two previous attempts closed without a sale.

Former Agritrade CFO gets 20 years jail for defrauding banks involving US$586 million in loans

LIM BENG KIM, a former chief financial officer of commodities firm Agritrade International, was sentenced to 20 years jail for defrauding over a dozen banks and causing almost US$500 million in losses.

The STI today

Singapore stocks slide in line with most Asian bourses

SINGAPORE shares slid in line with the declines recorded at most Asian bourses on Tuesday (Jan 17), amid reports of the Republic’s December exports having experienced their steepest decline in a decade.