Daily Debrief: What Happened Today

Stories you might have missed

Economists downgrade Singapore’s 2023 growth forecast, warn of technical recession

PRIVATE-SECTOR economists have downgraded their 2023 forecast for Singapore’s economic growth, with a worse-than-expected first-quarter gross domestic product (GDP) figure also prompting some to warn of a technical recession.

Government may need to spend more to advance Singapore’s development: DPM Wong

BEYOND what is already factored into its existing projections, the government may need to spend more in areas such as enhancing the country’s economic competitiveness, social inclusion and mobility.

Why we fall for scams (and it’s not because we’re stupid)

HE WAS a restaurant owner-cum-chef in his 30s, whose business was suffering due to the Covid-19 pandemic. He needed money to pay rent and other overheads, but couldn’t get a bank loan.

ST Engineering wins S$200 million contract for Cross Island Line project

SINGAPORE’S Land Transport Authority (LTA) awarded a S$200 million contract to ST Engineering’s Urban Solutions to work on two key systems for the Cross Island Line (CRL).

Strides-Premier merger is no threat to ComfortDelGro: analysts

ANALYSTS from UOB Kay Hian (UOBKH) and DBS Research remain positive on ComfortDelGro despite the announcement on Thursday (Apr 13) that two of its competitors, SMRT-owned Strides Taxi and Premier Taxis, will be merging to form Singapore’s second-largest taxi operator.

Singapore the top beneficiary of China’s reopening: Maybank

CHINA’s outbound tourism recovery is accelerating, and will hit more meaningful levels by mid-year, said a Maybank Securities report.

The STI today

Singapore stocks gain on central bank cheer; STI up 0.3%

THE Straits Times Index (STI) climbed 0.3 per cent or 8.12 points to close at 3,302.66 points on Friday (Apr 14), as sentiment was lifted by the Monetary Authority of Singapore’s decision to leave its monetary policy settings unchanged for the first time in 18 months.