Daily Debrief: What Happened Today

Stories you might have missed

New private residential units sold in January jump after December dip, still down 42.8% year on year

SALES of new private residential units in January made a strong recovery from the low volumes in December last year, with volume partly driven by returning demand from Chinese buyers.

12,000 lower-wage food service workers to earn at least S$1,750 from Mar 1

ABOUT 12,000 lower-wage workers in Singapore’s food-services industry will, from next month, get a pay jump to at least S$1,750 – which has been set as the entry-level wage for the industry. Including pay rises also in March 2024 and 2025, these workers will earn up to 19 per cent more in their baseline salary.

Hot stocks: S-Reits take a hit post-budget, impact on developers mixed

SINGAPORE-LISTED property-related counters traded in a sea of red on Wednesday (Feb 15), as investors processed the latest Budget moves, including a higher Buyer’s Stamp Duty (BSD) and more housing grants.

SIA Group flies 2.6 million passengers in January holiday season

SINGAPORE Airlines (SIA) and Scoot flew a combined 2.6 million passengers in January, as demand was boosted by the year-end peak return traffic and the Chinese New Year holiday season.

Hong Kong e-pension division to drive iFast’s growth over next three years: CEO

WEALTH management platform iFast Corporation is looking at its Hong Kong e-pension business segment to boost its revenue and profitability for the next three years, chief executive Lim Chung Chun said.

The STI today

Singapore stocks track regional losses on uninspiring US inflation; STI sinks 1.1%

SINGAPORE shares sank for the third straight day this week following a mixed showing on Wall Street, after mildly lower US inflation data signalled that the Federal Reserve (Fed) could stay on its path of elevated rates.