Daily Debrief: What Happened Today

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Singapore residents’ real median income growth rises to 2.1% in 2022

REAL median income growth rose to 2.1 per cent in 2022, as strong nominal income growth outstripped inflation, said the Ministry of Manpower (MOM) in the advance release of its annual Labour Force in Singapore report on Thursday (Dec 1).

Sats to raise about S$800m in rights issue for WFS acquisition

INFLIGHT caterer and ground handler Sats on Thursday (Dec 1) said it would raise up to S$800 million via a renounceable underwritten rights issue to partially fund its acquisition of air cargo handler Worldwide Flight Services (WFS).

CPF rates unchanged, but government watching rate environment closely

THOSE aged above 55 years old can now earn up to 6 per cent interest per annum on their retirement balances, while the interest rate for the ordinary account (OA) and special and Medisave account (SMA) remains unchanged, the Central Provident Fund (CPF) Board said on Thursday (Dec 1).

Conference organisers expected to measure events’ waste, emissions by next year

BY NEXT year, organisers of meetings, incentives, conferences and exhibitions (Mice) in Singapore will be expected to measure the waste and carbon footprint generated at their events.

LMS Compliance makes Catalist debut at S$0.265; 1.9% above IPO price

TESTING and certification services provider LMS Compliance began trading on the Catalist board of the Singapore Exchange on Thursday (Dec 1) at S$0.265, about 1.9 per cent or S$0.005 above its initial public offering (IPO) price of S$0.26 per share.

The STI today

Singapore stocks barely up as markets elsewhere cheer Fed’s lower hikes

MOST Asian equities cheered the less hawkish stance of the US Federal Reserve (Fed), but Singapore shares closed flattish on Thursday (Dec 1).