Daily Debrief: What Happened Today
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Dial-back in headline inflation to 6.3% in February; core holds steady at 5.5%
SINGAPORE’S headline inflation dipped in February, while core inflation was unchanged from the previous month, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Thursday (Mar 23). Both, however, were lower than economist estimates.
Defensive equities, high-grade fixed income, gold to outperform amid US banking system concerns
MARKET analysts expressed fresh concerns about uncertainties in US’ banking system, following US Treasury Secretary Janet Yellen’s comments about not considering any plans to insure all US bank deposits. Yellen’s comments overshadowed a dovish 25-basis-point rate hike by the Federal Open Market Committee (FOMC), sending riskier assets down.
Participation in SkillsFuture Singapore programmes falls in 2022; still higher than 2019
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PARTICIPATION in SkillsFuture Singapore (SSG) programmes fell year on year in 2022, but were still above pre-pandemic highs, said the statutory board on Thursday (Mar 23).
Over 120 staff of jobs site Indeed laid off in Singapore as hiring boom cools
US-BASED job search platform Indeed cut over 120 staff in Singapore late Wednesday night (Mar 22) after announcing global layoffs affecting about 2,200 staff, or 15 per cent of its workforce, according to sources with knowledge of the matter.
CARBON credits from forest offsetting projects will be traded in lots of 1,000 under standardised contracts when the spot trading platform by Temasek-backed global carbon marketplace Climate Impact X (CIX) goes live sometime before July.
CDL, MCL to start previews for Tembusu Grand at prices from S$2,296 psf
CITY Developments Limited (CDL) and MCL Land will open previews for their residential project, Tembusu Grand, on Friday (Mar 24).
The STI today
Singapore stocks close a hair’s breadth lower on Thursday; STI down 0.1%
THE Straits Times Index (STI) overcame a slump in early trading to close 1.98 points or 0.06 per cent lower at 3,219 points on Thursday (Mar 23).
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