Daily Debrief: What Happened Today (Dec 9)
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Singapore’s resident employment rebounds in Q3, with year-end festivities set to boost labour demand
RESIDENT employment in Singapore rose by 4,000 in the third quarter of 2024, reversing from a seasonal decline in Q2, driven by strong hiring in outward-oriented sectors such as information and communications, professional services and financial services.
NTUC to raise staff retirement and re-employment ages from January 2025
THE National Trades Union Congress will raise the retirement and re-employment age ceilings for all its workers one-and-a-half years ahead of the national schedule, to benefit older employees.
Brokers’ take: Maybank says S&P’s credit watch negative on SingPost is ‘irrelevant’, maintains ‘buy’
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MAYBANK securities continues on with its “buy” call on Singapore Post, with a target price of S$0.77.
Malaysia’s Tenaga Nasional partners Sembcorp Power for cross-border renewable-energy trade
MALAYSIA’S Tenaga Nasional, a government-owned integrated power utility company, and Singapore’s licensed electricity importer, Sembcorp Power, have signed an agreement to supply renewable energy to Singapore.
Singapore shares close flat on Monday; STI down 0.03%
SINGAPORE stocks slipped into slightly negative territory on Monday (Dec 9), while other Asian markets closed mixed.
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