Daily Debrief: What Happened Today

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Retrenchments fall to a record low in Q2 while job vacancies ease: MOM

RETRENCHMENTS in Singapore fell to a record low in the second quarter of 2022, but the number of job vacancies decreased slightly as companies filled more positions, according to the Ministry of Manpower’s (MOM) Labour Market Report on Wednesday (Sep 14).

Condo, HDB rents rise again in August; volumes remain lower on-year

BOTH condominium and HDB (Housing Board) rentals rose in August to achieve the 20th and 26th straight month of growth, respectively, although volumes continued to fall short on a year-on-year comparison.

Singapore tourist arrivals grow for 7th month in August to 728,744

SINGAPORE’S international visitor arrivals grew for the 7th straight month in August, once again setting a record from the beginning of the Covid-19 pandemic, based on the latest figures from the Singapore Tourism Board (STB) on Wednesday (Sep 14).

Shipping new products, attracting foreign traders among Singapore’s routes to Trade 2030 goals

NURTURING homegrown global traders and getting more foreign traders to base themselves here – even if their goods never pass through the port – are among Singapore’s strategies to achieve its Trade 2030 goals: increasing exports to at least S$1 trillion, up from S$805 billion now, and doubling offshore trade to US$2 trillion.

Ascendas Reit to buy cold storage logistics facility in Singapore for S$191.9m

THE manager of Ascendas Real Estate Investment Trust (Ascendas Reit) has proposed to acquire a cold storage logistics facility for S$191.9 million, it said on Wednesday (Sep 14).

The STI today

Singapore stocks pull back on US inflation fears; STI down 1%

THE Straits Times Index (STI) fell 1 per cent or 32.06 points to close at 3,258.02 on Wednesday (Sep 14), as higher-than-expected US inflation figures for August battered investor sentiment.