Daily Debrief: What Happened Today

Stories you might have missed

Singapore factory output growth slows sharply to 2% in January, below expectations SINGAPORE manufacturing growth cooled in January to just 2 per cent year on year - down from 16.7 per cent expansion in the month prior, and well below the forecast of 11.6 per cent in a Bloomberg poll.

Singapore services receipts up 15.4% in Q4, higher than pre-Covid figures SINGAPORE'S services industries saw business receipts rise 15.4 per cent year on year for the fourth quarter, according to the Department of Statistics (Singstat) on Friday (Feb 25).

Five taxi operators lodge fare adjustments with PTC, following hikes by CDG announced 2 weeks ago FIVE taxi operators have lodged fare increases with the Public Transport Council (PTC) and have intentions to raise fares in March 2022, a PTC spokesperson said.

Singapore visitor arrivals fall month on month to 57,140 in January; hotel takings down SINGAPORE'S international visitor numbers tumbled in January on the month before, as border restrictions were tightened amid the global spread of the Omicron variant.

HDB launches 7th solar tender for 1,290 blocks and 99 government sites THE Housing Development Board (HDB) on Friday (Feb 25) announced its latest solar leasing tender under the SolarNova programme it co-leads with the Singapore Economic Development Board.

SPH selling sgCarMart to Toyota consortium for S$160 million: sources ONLINE automotive marketplace sgCarMart is in the final stages of being sold to a consortium of Toyota companies for S$160 million, said sources close to the matter.

Corporate Earnings

• CapitaLand Investment reverses year-ago loss to post H2 profit of S$647m
• ST Engineering H2 profit increases 3.8%; to up dividend payout frequency to 4 times
• China Aviation Oil H2 profit falls 50.8% to US$16.1m despite higher revenue
• SingPost's Q3 operating profit rises 46% to S$38m
• HRnetGroup H2 profit rises 14.2% to S$29.6m; posts record profit for FY2021

The STI today

Singapore shares rebound on Friday; STI up 0.6%

SINGAPORE stocks rode the tailwinds of Wall Street's surprising overnight reversal to end higher on Friday (Feb 25) as sanctions imposed on Russia were not as strong as markets had feared following its attack on Ukraine.