Daily Debrief: What Happened Today

Stories you might have missed

Singapore extends investment promotion tax incentives; raises quantum for Global Investor Programme

SINGAPORE is extending several investment promotion tax incentives for another five years, even as it prepares to implement global tax rule changes. But separately, individuals will need to invest more to become permanent residents (PRs) under the Global Investor Programme (GIP).

Singapore hotels’ average room rate slips to five-month low in January; still higher on the year

HOTELS’ average room rate (ARR) in the Republic eased in January to the lowest since August 2022, but remained far above January 2022’s levels, Singapore Tourism Board data showed on Tuesday (Feb 28). All other measures also fell on the month, but rose on the year.

Singapore to develop tech talent in key areas, help firms defend against cyber risks

THE Singapore government is ramping up efforts to grow a workforce skilled in key areas of technology as it looks to meet future demand for a fast-growing digital economy.

Singapore to launch blueprint, advisory panel for digital infrastructure

THE Ministry of Communications and Information (MCI) is developing a roadmap for Singapore’s long-term ambitions for its connectivity infrastructure.

Heartland enterprises get space to test innovative ideas under new programme

A NEW Heartland Innovation and Transformation (HIT) Programme will provide curated training courses and affordable spaces where neighbourhood enterprises can try out product or business model innovations.

Condo, HDB rents continue to climb in January; HDB volumes rebound: SRX, 99.co

CONDOMINIUM and Housing and Development Board (HDB) rental prices continued to rise in January, according to flash estimates from SRX and 99.co released on Tuesday (Feb 28).

Corporate Earnings

• Propnex Q4 profit up 24.5% to S$17.8 million; proposes 1-for-1 share issuance
• Samudera proposes S$0.2425 special dividend as H2 profit surges 63.6%
• China Aviation Oil H2 net profit falls 13.6% to US$13.9 million
• China Everbright posts 16% lower FY2022 earnings of HK$1 billion

The STI today

Singapore stocks close flat on Tuesday amid mixed regional performance

SINGAPORE shares ended little changed on Tuesday (Feb 28) as regional markets saw mixed trading.