Daily Debrief: What Happened Today

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Singapore retail sales grow 13% in August, extending July’s growth

SINGAPORE’S retail sales continued to rise year on year in August, but declined on a seasonally adjusted monthly basis, according to the latest figures from the Department of Statistics (Singstat) on Wednesday (Oct 5).

Equitable loss-sharing framework for scams still taking ‘longer than expected’: Alvin Tan

SINGAPORE’S financial regulator is taking “longer than expected” to come up with an equitable loss-sharing framework for financial scams, as it tries to ascertain how different stakeholders share responsibility for these scams, Minister of State for Trade and Industry Alvin Tan said in Parliament on Wednesday (Oct 5).

EnterpriseSG eyes wealthy families as local startup funding jumps 54% in H1

STARTUPS in Singapore continued to attract strong investments despite macroeconomic headwinds, with venture funding increasing 54 per cent to S$8.18 billion in the first half of 2022.

Sembmarine clinches US$3.1b FPSO contract from Petrobras

SEMBCORP Marine (Sembmarine) on Wednesday (Oct 5) said its subsidiary won a US$3.1 billion engineering, procurement and construction contract via an international tender from Brazilian state-owned oil and gas producer, Petroleo Brasileiro (Petrobras).

Government grant impact tracked by measures such as skilled jobs creation

INDICATORS such as committed value-add and projected skilled jobs creation are used to measure the economic impact of grant projects undertaken by small and medium-sized enterprises (SMEs), said Minister of State for Trade and Industry Low Yen Ling in Parliament on Wednesday (Oct 5).

The STI today

Singapore stocks close higher after overnight Wall Street rally

WITH Wall Street in a rally after a significant drop in the number of US job openings, the Singapore stock market and its regional counterparts closed higher on Wednesday (Oct 5), as investors believed that the Federal Reserve might now become less hawkish.