Daily Debrief: What Happened Today
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Singapore manufacturing confidence eases even as services sector plumps for rebound
SINGAPORE business optimism remained positive into the final stretch of 2021, although manufacturers' optimism has receded quarter on quarter, even as firms in the services sector took a rosier outlook on the next 6 months.
Singapore's labour market improves in Q3, unemployment falls in Sep: MOM
UNEMPLOYMENT figures fell 0.1 percentage point in all categories compared with August, with the overall unemployment rate for September at 2.6 per cent, resident unemployment at 3.5 per cent and citizen unemployment at 3.7 per cent.
HPL, Ong Beng Seng, Temasek units CLA and Mapletree in rival offer for SPH
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A CONSORTIUM comprising Hotel Properties (HPL), businessman Ong Beng Seng and two Temasek-linked entities, CLA and Mapletree are proposing to acquire Singapore Press Holdings (SPH) at S$2.10 per share in cash.
Raffles Education breaks down chief executive's remuneration in latest round of RegCo responses
IN a bourse filing during the midday trading break on Friday (Oct 29), the private school operator revealed that Chew was paid a S$1 million base salary, S$1.8 million in profit sharing, of which S$90,000 was not provisioned for.
Citi names Singapore-based Victor Alexiev as global head for its internal incubator programme D10X
AS head of D10X Institutional Clients Group, Alexiev will lead a global team of former entrepreneurs, innovation strategists, product managers and venture builders to accelerate the development of new solutions that are accretive to the business and its clients.
Corporate earnings
- Frasers Hospitality Trust posts 24.8% lower H2 DPS; to divest Sydney asset for A$315m
- CDLHT posts 34.8% rise in Q3 net property income to S$20.5m
- Far East Hospitality Trust's distributable income rises 12.5% for Q3
The STI today
Singapore shares end the week weaker; STI down 0.2%
THE benchmark Straits Times Index (STI) fell 0.2 per cent or 5.65 points on Friday to close at 3,198.17.
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