Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s February factory output down a sharp 8.9%, far lower than analysts’ expectations

SINGAPORE’S manufacturing performance in February turned out to be far weaker than analysts had predicted, with output contracting sharply on the back of a steeper decline in pharmaceutical production, data from the Singapore Economic Development Board (EDB) showed on Friday (Mar 24).

Construction deadline for MBS’ S$4.5 billion extension pushed back again to April 2024

MARINA Bay Sands (MBS) has been given yet another year to kickstart its S$4.5 billion expansion plan, with this reprieve granted by the Singapore Tourism Board (STB).

With tourists back in full swing, Vietnam’s major airports battle overcrowding

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WITH domestic and international tourists flocking to different parts of Vietnam in droves, the country’s airports are struggling to cope with crowd numbers that are nearly double their design capacity.

Singapore-based crypto companies account for big chunk of industry’s layoffs

SINGAPORE is used to being at the top for many things. This time, it topped a list of major cities associated with crypto layoffs from the period of February 2022 to February 2023. The data is an indication of how significant a hub Singapore was for the crypto industry at one point.

Where can Singapore take the lead in alternative proteins?

SINGAPORE is investing heavily in alternative proteins in a bid to become a world leader – but its status as a global hub, especially for manufacturing, may be threatened as other countries catch up.

February data suggests banking failures blindsided short sellers: S&P

BANKING stocks were among the least shorted ahead of the Silicon Valley Bank (SVB) failure, based on February 2023 data published by S&P Global Market Intelligence on Thursday (Mar 23).

The STI today

Singapore stocks extend losing streak on Friday; STI down 0.2%

THE Straits Times Index (STI) recorded losses for a second straight session on Friday (Mar 24), after dipping 6.36 points or 0.2 per cent to close at 3,212.64.