Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s 2022 GDP growth lower than advance estimates at 3.6%, 2023 forecast kept at 0.5-2.5%

SINGAPORE’S economy grew 3.6 per cent in 2022, revised down from January’s advance estimate of 3.8 per cent, data from the Ministry of Trade and Industry (MTI) showed on Monday (Feb 13).

Seven things to look out for in Budget 2023

DEPUTY Prime Minister and Finance Minister Lawrence Wong will deliver the 2023 Budget Statement on Feb 14, with economists expecting a return to prudence after two years of Covid-related spending. But with slowing growth and high inflation, Singaporeans can still expect some short-term support.

Singapore’s export growth slows to 3% in 2022; expected to be flat or decline in 2023

SINGAPORE’S non-oil domestic exports’ (NODX) growth slowed to 3 per cent in 2022 from 12.1 per cent in 2021, in line with earlier estimates, according to Enterprise Singapore (EnterpriseSG) figures on Monday (Feb 13).

Marina Bay Sands facing further delays to S$4.5 billion expansion plans

SINGAPORE’S Marina Bay Sands (MBS) looks set to experience further delays to its S$4.5 billion expansion plan, according to a filing with the United States Securities and Exchange Commission.

Singapore life insurance records lower 2022 sales as single-premium sales dip in Q4

SALES of single-premium products fell 28.8 per cent on year in weighted premiums in the fourth quarter of 2022, according to data released by the Life Insurance Association, Singapore (LIA) on Monday (Feb 13).

Sats joint venture to build multi-modal cargo hub at India’s Noida International Airport

GROUND handler and inflight caterer Sats’ joint venture with Air India will design, build, finance and operate a five-tier integrated multi-modal cargo hub at the upcoming Noida International Airport.

Corporate Earnings

• DBS raises dividends amid record Q4 profit; CEO expects FY2023 outlook to remain robust

The STI today

STI falls 1.1% as caution prevails ahead of US CPI data

SINGAPORE shares failed to hang on to opening gains and finished lower on Monday (Feb 13), as caution prevailed ahead of the release of key US inflation figures on Tuesday.