Daily Debrief: What Happened Today

Stories you might have missed

Return of foreign workers sends Singapore’s total employment growth to record level in 2022

SINGAPORE’S total employment growth was at an all-time high in 2022, driven largely by the return of foreign workers following the relaxation of border controls in the first half of the year, the Labour Market Report indicated on Wednesday (Mar 15).

New private homes sold in February up 9.9% from January, but down 20.3% year on year

SALES of new private residential units gained momentum in February, led by an increase in sales in the prime core central region (CCR). However, total sales were still down on a year-on-year basis.

Coinbase bets on Singapore despite rocky year

CRYPTO exchange Coinbase remains bullish about its prospects in Asia as it embarks on international growth. This is despite a turbulent year marred by a slowing economy, as well as a series of scandals that tarnished the once-booming crypto industry.

B2B startups look more attractive in tough climate, but VCs need different skills for this game

WARY venture capital (VC) investors are scrutinising pitch decks and financials as they hunt for returns in a tough climate, and the business-to-business (B2B) angle is starting to look more rewarding than consumer-facing ventures.

Wing Tai buys Holland Tower for S$76.3 million

WING Tai Holding’s wholly-owned subsidiary will acquire Holland Tower for S$76.3 million, translating to a land rate of S$1,746 per square foot per plot ratio (psf ppr), the group said on Wednesday (Mar 15).

Corporate Earnings

• Prudential’s 2022 profits from continuing operations fall more than 50%

The STI today

STI climbs 1.4 per cent on Wednesday, snapping 5-day losing streak

SINGAPORE stocks rebounded on Wednesday (Mar 15), tracking gains across the region and overnight on Wall Street.