Daily Debrief: What Happened Today

Stories you might have missed

Singapore inflation higher in January after GST hike; headline at 6.6%, core at 5.5%

SINGAPORE’S inflation rose across the board in January, but came in slightly under economist estimates, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Thursday (Feb 23).

About 200 granted PR under Singapore’s Global Investor Programme in last three years

ABOUT 200 people were given permanent residency through Singapore’s Global Investor Programme (GIP) from 2020 to 2022, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Thursday (23 Feb).

IHH Healthcare chief Kelvin Loh’s surprise resignation follows slew of boardroom changes

THE surprise departure of IHH Healthcare’s head honcho Kelvin Loh comes on the back of a string of boardroom changes at one of the world’s largest private healthcare behemoths.

Giving entrepreneurs a chance to run a restaurant rent-free

SINGAPORE’S food and beverage (F&B) industry is notoriously competitive, with thin margins and high turnover rates. New incubator Ghostwriter hopes to minimise the risk of failure by giving budding and veteran entrepreneurs a rent-free opportunity to test-bed ideas.

Labour MPs suggest more support for the self-employed, unemployed

MORE support should be given to self-employed persons (SEPs) to help them upskill, and to the unemployed to aid their job search, labour MPs said on the second day of the Budget debate on Thursday (Feb 23).

Corporate Earnings

• UOB to ride on Citi acquisition to drive growth in 2023; posts S$1.2b Q4 profit
• City Developments’ H2 profit rises 42% on disposal gains, higher revenue
• CapitaLand Investment H2 profit falls 33.8% to S$428 million
• Yangzijiang Shipbuilding H2 profit down 30% after financial unit spin-off
• ARA H-Trust H2 DPS rises to US$0.01627 on travel recovery
• Daiwa House Logistics Trust posts H2 DPU of S$0.0261, in line with forecasts

The STI today

Singapore stocks fall amid mixed regional showing; STI down 1.1%

SINGAPORE stocks fell amid a mixed regional performance on Thursday (Feb 23) as the Straits Times Index (STI) shed 1.1 per cent or 35.11 points to 3,264.93. Across the broader market, gainers beat losers 276 to 249 after 1.6 billion securities worth S$1.4 billion changed hands.