Daily Debrief: What Happened Today
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Singapore scored above-target S$11.8b in fixed asset investment commitments in 2021
SINGAPORE secured S$11.8 billion in fixed asset investment (FAI) commitments in 2021, down from the previous year's decade-long high of S$17.2 billion, but still above the Singapore Economic Development Board's (EDB) medium- to long-term target range of S$8 billion to S$10 billion.
BCA expects 2022 construction demand between S$27b and S$32b, supported by public sector projects
THE Building and Construction Authority (BCA) has projected the total value of construction contracts awarded in 2022 to be between S$27 billion and S$32 billion, it said on Wednesday (Jan 26).
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SINGAPORE'S manufacturing sector grew by 13.2 per cent year on year in 2021, jumping from the 7.5 per cent expansion in 2020, according to fresh figures on Wednesday (Jan 26).
Airfreight rates ease from peaks but remain elevated amid passenger flight cancellations
AIR freight rates are marginally lower compared with the record highs achieved during the holiday rush in early to mid-December. This is despite a raft of flight cancellations which have trimmed the belly capacity from passenger aircraft.
'Resilient' suburban retail malls lift FCT's tenants' sales above pre-Covid levels
EVOLVING shopping trends amid the pandemic has lifted sales by tenants at Frasers Centrepoint Trust's (FCT) portfolio of suburban retail malls to above pre-Covid levels in its first quarter ended December.
URA awards Jalan Tembusu and Lentor Hills site to highest bidders
TENDERS for residential sites at Jalan Tembusu and Lentor Hills Road Parcel A have been awarded to their respective highest bidders, announced the Urban Redevelopment Authority (URA) in a press statement on Wednesday (Jan 26).
Corporate Earnings
The STI today
STI up 0.7%; Asian markets mixed ahead of Fed meeting outcome
SINGAPORE stocks clawed back some losses from the early part of the week on Wednesday (Jan 26), with the Straits Times Index (STI) up 0.73 per cent or 23.81 points to end at 3,271.57.
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