Daily Debrief: What Happened Today

Stories you might have missed

Sembcorp to establish 5 industrial parks in Vietnam with Becamex

SEMBCORP Industries and long-standing partner Becamex IDC will co-establish five Vietnam Singapore Industrial Parks (VSIPs) in Vietnam, valued at approximately US$1 billion.

Tin Pei Ling moves to less visible Grab role amid public disquiet

RIDE-HAILING giant Grab made a surprise change on the role for which it hired Member of Parliament (MP) Tin Pei Ling, after news of her appointment generated much criticism from the public on potential conflicts of interest.

Malaysia Q4 GDP growth up 7% on year; not likely to enter recession in 2023: central bank

MALAYSIA’S economy exceeded expectations to expand 7 per cent year-on-year in the fourth quarter, partly due to robust domestic demand, said the central bank on Friday (Feb 10).

MOM extends Heightened Safety Period till May 31

THE Ministry of Manpower (MOM) is extending the heightened safety period (HSP) by three months from Mar 1 to May 31, with additional measures, it said in a statement on Friday (Feb 10).

Iras raises penalties for late tax filers in 2023

EMPLOYERS under the Auto-Inclusion Scheme (AIS) who file their taxes late will now face an increased maximum fine of S$5,000, up from S$1,000 previously, announced the Inland Revenue Authority of Singapore (Iras) on Friday (Feb 10).

Reality check on housing dreams

WHEN Xie Jiawei and his partner set out to buy their first home in early 2020, they naturally started by applying for Singapore’s version of a golden ticket – also known as securing a new Build-To-Order (BTO) public housing flat in a mature estate through the Housing and Development Board’s (HDB) sales exercise.

Corporate Earnings

• Japan Foods posts 94.5% higher 9M net profit of S$3.2 million on revenue growth
• Yoma reports 76% higher revenue of US$35.9 million for quarter ended December

The STI today

Local stocks end week flattish as investors await Budget, earnings

SINGAPORE shares ended the week largely unchanged, as investors took stock of inflation levels and the possibility of future rate hikes by the US Federal Reserve.