Daily Debrief: What Happened Today

Stories you might have missed

National digital payment service on LifeSG app sees 900,000 transactions worth S$41m since November

CLOSE to 900,000 transactions have been made through GovWallet on the LifeSG mobile application (app) since the launch of the digital payment service on the app in November 2021, as Singapore aspires to go cheque-free by 2025.

SingPost to ‘defend itself’ in arbitration over share purchase dispute; financial impact not known yet

IN AN update to a longstanding arbitration case that involves a dispute over a share purchase agreement, SingPost said it will be further defending itself against the claims filed by Tan Ho Sung over a share purchase agreement and shareholders’ agreement in relation to Famous Holdings (FHPL) and its subsidiaries.

Companies must sign up for SMS ID registry; telcos to explore anti-scam solutions: IMDA

AFTER concluding the pilot programme for its Singapore SMS Sender ID Registry (SSIR) in March this year, the Infocomm Media Development Authority (IMDA) has announced it intends to make SSIR registration a requirement for all merchants and organisations using sender IDs.

Retail workers to see wages rise up to 8.5% under Progressive Wage Model from Sep 1

THOUSANDS of retail workers in Singapore are set to see their monthly baseline salaries rise by between 8.4 per cent and 8.5 per cent each year over the next 3 years.

New private home sales up in July, driven by AMO Residence transactions

NEW private home sales rose month on month in July, according to data released by the Urban Redevelopment Authority (URA) on Monday (Aug 15).

Transacting homes off-plan in Singapore is a win-win proposition

2021 was a good year for housing developers in Singapore. Excluding executive condominiums, developers sold 13,027 private homes in 2021 as private home prices rose 10.6 per cent from a year ago, according to data from the Urban Redevelopment Authority (URA).

Corporate Earnings

• No distributable income for Dasin Retail Trust as it posts S$56.4m loss

The STI today

Singapore stocks kick off trading week in the red, STI down 0.4%

LOCAL shares took a hit on the first trading day of the week, as investors kept a close eye on key global economic issues such as inflation rates, the tensions in Taiwan, as well as potential further interest rate hikes by the Federal Reserve.