Daily Debrief: What Happened Today (Jun 26)

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Singapore’s factory output beats forecast with 2.9% rise in May

SINGAPORE’S factory output grew 2.9 per cent year-on-year in May, as output in the key electronics sector rebounded from the previous month’s contraction, data from the Economic Development Board showed on Wednesday (Jun 26).

More EVs in Category A could crowd out hybrids, drive up COE prices 

ELECTRIC vehicle (EV) giants such as BYD and Tesla are offering more models under the Category A Certificate of Entitlement (COE), in a trend that could drive adoption and push up COE prices.

Singapore to strengthen laws on asset recovery to beef up anti-money laundering regime

SINGAPORE will reinforce laws governing its anti-money laundering regime, to allow for certain seized assets to be sold before court cases conclude, and for probes to extend to environmental crimes such as illegal wildlife trading.

Demand slips on latest Singapore Savings Bond with 10-year average return at 3.3%

THE July tranche of the Singapore government-backed bonds received a total of S$1.3 billion in applications, for the S$1.1 billion that was offered.

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Daily Debrief: What Happened Today (Jun 25)

Singapore port congestion shows global ripple impact of Red Sea attacks

CONGESTION at Singapore’s container port is at its worst since the Covid-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping – with bottlenecks also appearing in other Asian and European ports.

F&B jobs portal launched to address industry labour crunch

CALLED FABJobs, or short for food and beverage (F&B) jobs, the portal was co-developed by the Restaurant Association of Singapore (RAS) and FastCo, the company behind blue-collar job portal FastJobs.