Daily Debrief: What Happened Today

Stories you might have missed

MAS unveils S$400m grants for talent in finance sector, sees over 3,000 net jobs a year for industry

THE Monetary Authority of Singapore (MAS) has unveiled a roadmap of growth strategies for the financial sector, with projections for over 3,000 net jobs being created per year and for the sector to grow faster than the broader economy.

New private home sales tumble in August on lack of new condo launches

THE number of private homes sold in August slid to nearly half the amount sold a month ago, as developers held back launches during the Hungry Ghost month – when sales activities tend to slow.

Strong pricing power is king amid inflation; Singapore, Indonesia emerge regional winners: RHB

COMPANIES with strong pricing power will have much to gain from the inflationary environment as these players tend to have more stable profit margins when dealing with cost pressures.

Japan posts record trade deficit in August

JAPAN ran its biggest single-month trade deficit on record in August as imports surged on high fuel costs and a slump in the yen, exposing the economy’s vulnerability to external price pressures.

Sea’s billionaire CEO to forgo salary as cost cuts spread

SEA’S top management will forgo their salaries and tighten company expense policies, as the Singapore gaming and e-commerce giant tries to shield itself from the economic slowdown threatening tech companies.

The STI today

Singapore stocks edge up on Thursday in mixed Asia trading; STI up 0.3%

THE Straits Times Index (STI) rebounded from sharp losses the previous day to edge up 0.3 per cent or 9.96 points to close at 3,267.98 points on Thursday (Sep 15), tracking gains on Wall Street.