Daily Debrief: What Happened Today
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Singapore condo resale volumes hit 11-year high, prices up 1.5% in April: SRX
HDB upgraders were likely drivers of condominium resale transactions in April, property analysts noted after resale volumes hit an 11-year high according to flash figures from real estate portal SRX Property.
GST voucher scheme to be enhanced: Lawrence Wong
THE permanent GST (goods and services tax) voucher scheme already offsets most of the GST payable by lower-income households, and the scheme will be enhanced on top of this.
New sales in Singapore life insurance sector up 29% to S$1.25b in Q1
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THIS came amid a significant growth in the number of policies purchased online as well as a surge in the uptake of single premium products, said the Life Insurance Association.
Kimly eyes 75% stake in halal food business Tenderfresh for S$54m
THE move will provide the group an opportunity to expand into the growing halal food industry in Singapore and neighbouring countries.
NTUC, SCCCI to help SMEs with hiring efforts
EIGHT trade associations under SCCCI have rallied together to do a joint recruitment to support SMEs to cope with their manpower challenges.
Corporate earnings
- PropNex Q1 profit nearly doubles to S$14.8m on higher revenue
- Bumitama Agri's Q1 profit falls 36.4% on increased CPO levy and export tax
- Cromwell E-Reit Q1 NPI, gross revenue almost equal to pre-Covid levels on acquisitions in new markets
The STI today
STI tumbles 1.2% on US tech rout, inflation worries
THE key Straits Times Index tumbled 38.14 points - the biggest fall in nearly four months - or 1.20 per cent to 3,144.27.
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