Daily Debrief: What Happened Today

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Civil servants’ salary increments should ‘more than exceed’ inflation rate: Chan Chun Sing

THE quantum of most civil servants’ overall salary increments should “more than exceed” the inflation rate since this year, said Minister-in-charge of the Public Service Chan Chun Sing on Monday (Nov 28).

1,270 Singapore residents retrenched from tech firms since July: MOM

FROM July to mid-November this year, the Ministry of Manpower received notices of retrenchment for 1,270 resident workers in tech companies, said Minister for Manpower Tan See Leng in Parliament on Monday (Nov 28).

Private trustees to handle all bankruptcy cases, except those of public interest, under new Bill

PRIVATE trustees could administer all bankruptcy cases, except those of public interest, if an amendment Bill proposed by the Ministry of Law (MinLaw) is passed.

ComfortDelGro, Gojek tie up to tackle driver shortage, share resources

TAXI operator ComfortDelGro and ride-hailing platform Gojek are partnering to explore ways to solve critical issues such as driver shortage, which is currently plaguing the point-to-point (P2P) transport industry.

Prospects for Orchard Road malls may be better than suburban ones

SUPPLY chain disruptions are driving up inflation, and prospects for the global economy have worsened in recent months. Rising mortgage rates could erode the buying power of consumers.

Corporate Earnings

• ST Engineering posts 19% rise in 9M revenue to S$6.5b; reveals plans to reduce capital

The STI today

Singapore shares edge down on China’s Covid protests

ASIAN equities, including Singapore shares, closed in the red on Monday (Nov 28), after a weekend of protests across China over restrictive Covid curbs dampened market sentiment.