Daily Debrief: What Happened Today (Jan 31)

Stories you might have missed

Singapore’s retrenchments more than double, employment growth slows in 2023

SINGAPORE’S retrenchments more than doubled in 2023, while employment growth slowed after 2022’s sharp post-pandemic rebound, advance figures from the Ministry of Manpower (MOM) showed on Wednesday (Jan 31).

Singapore’s median income falls 2.2% in real terms in 2023; own account workers decline

SINGAPORE’S median income fell 2.2 per cent in real terms in 2023 as nominal income growth slowed, according to the Ministry of Manpower’s (MOM) annual Labour Force in Singapore report on Wednesday (Jan 31).

Hybrid cars make up almost half of Singapore’s new car registrations in 2023

PETROL-ELECTRIC hybrids were the most common type of new passenger car registered in Singapore in 2023, exceeding the registrations of cars powered solely by petrol.

Bursa Malaysia Q4 net profit jumps nearly 22% to RM59.6 million

BURSA Malaysia’s net profit rose 21.5 per cent year on year to RM59.6 million (S$16.9 million) in the fourth quarter of 2023.

Daiwa House Logistics Trust to acquire Japan warehouse from sponsor

DAIWA House Logistics Trust (DHLT) has entered into an agreement to acquire a freehold two-storey warehouse in Japan for 2.6 billion yen (S$24.1 million) from its sponsor, Daiwa House Industry.

Singapore stocks eke out gains with Fed rate guidance in focus; STI up 0.1%

SINGAPORE shares ended slightly higher on Wednesday (Jan 31), as investors awaited guidance from the Federal Reserve on the interest rate cut trajectory.