Daily Debrief: What Happened Today

Stories you might have missed

Business, industry transformation must accompany workers’ productivity gains: Zaqy

BEYOND improving each worker’s productivity directly in training, companies must also take ownership in driving wider business transformations to improve productivity, said Senior Minister of State for Manpower Zaqy Mohamad in Parliament on Wednesday (Feb 22).

‘Confidential’ settlement reached between security agency Apro and union over officers’ wage dispute

LOCAL security agency Apro and the Union of Security Employees (USE) have reached a settlement over a wage and rank adjustment exercise that caused unhappiness among the firm’s staff earlier this month.

Progressivity is not about pitting the well-off against others: Pritam Singh

SINGAPORE must “guard against a split in society” where the well-off are pitted against the rest, even as the government addresses income inequality and introduces policies to lift those at the bottom, Workers’ Party (WP) chief Pritam Singh said in Parliament on Wednesday (Feb 22).

Sats to issue 363.1 million new shares at S$2.20 apiece via S$798.8 million rights issue

SATS on Wednesday (Feb 22) said it will issue 363.1 million new shares at S$2.20 apiece to raise around S$798.8 million via a renounceable underwritten rights issue. The number of new shares to be issued represents around 32.3 per cent of all existing issued shares.

CapitaLand Investment sets up China data centre development fund

CAPITALAND Investment (CLI) has established CapitaLand China Data Centre Partners (CDCP), a China data centre development fund committed to investing in two hyperscale data centre development projects in the Greater Beijing area.

Corporate Earnings

• Great Eastern H2 profit falls 37% to S$281.3 million

The STI today

Singapore stocks in the red amid regional rout; STI down 0.2%

SINGAPORE shares declined on Wednesday (Feb 22) along with major regional markets, after Wall Street saw its largest single-day fall in 2023 overnight.