Daily Debrief: What Happened Today
Stories you might have missed
Economists barely change 2023 forecasts for Singapore’s growth, inflation: survey
PRIVATE-sector economists barely changed their overall 2023 estimates for Singapore in a quarterly survey on Wednesday (Mar 8), with a full-year growth forecast of 1.9 per cent, up marginally from 1.8 per cent in the previous survey.
Planning for next pandemic a ‘balancing act’ of building capabilities and being adaptable: DPM Wong
SINGAPORE will broaden its range of “baseline scenarios” for pandemic planning, as there is no clear “worst case” scenario that can be defined and planned for, said a government White Paper that reviewed Singapore’s Covid-19 response and detailed lessons for the next pandemic.
CPF to close 300,000 accounts of non-citizens, non-permanent residents from April 2024
ABOUT 300,000 Central Provident Fund (CPF) accounts belonging to non-Singapore citizens and non-permanent residents will be automatically closed from Apr 1, 2024.
EC World Reit releases more funds from escrow for loan repayments
MORE funds deposited by its sponsor for loan repayment have been released from escrow to help pay for some of the Reit’s outstanding mandatory repayments, EC World Real Estate Investment Trust’s (Reit) manager said on Tuesday (Mar 7).
Rex International’s oil play in Malaysia hit by rising equipment cost
OIL exploration and production company Rex International Holding’s plan to develop oil fields in Malaysia under a pact with the country’s state-owned Petronas could hit a snag – high equipment cost amid elevated oil prices is dampening the project’s prospects.
Prudential said to have leased 150,000 sq ft office space at Labrador Tower
INSURER Prudential Singapore is understood to have leased about 150,000 sq ft of office space at Labrador Tower, being developed by SP Group above a large underground electrical substation.
Corporate Earnings
The STI today
Singapore shares drop 0.6% after US Fed chair’s hawkish testimony
THE US Federal Reserve chair’s testimony last night has not only opened the door to more interest rate hikes, but has also sent investors in Asian markets – including Singapore – scurrying for the exit on Wednesday (Mar 8).
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