Daily Debrief: What Happened Today

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Singapore imposes sanctions on Russia, blocking certain bank transactions and exports: Vivian SINGAPORE is imposing sanctions on Russia, joining a growing number of countries seeking to slap economic costs on the nuclear superpower for invading Ukraine.

SIA suspends flights between Singapore and Moscow with immediate effect SINGAPORE Airlines (SIA) has indefinitely suspended all flights between Changi Airport and Moscow in Russia with immediate effect, citing "operational reasons".

Government considering more initiatives to push solar energy adoption in Singapore IT IS not appropriate for the government to provide solar savings guidelines for landlords and tenants as these are negotiated by both parties as part of the tenancy agreements, but other initiatives to promote solar adoption are being considered, said Minister of State for Trade and Industry Low Yen Ling.

Asean companies should rethink supply chains to drive growth: EY WITH economies starting to open up, the manufacturing sector looks set to be the growth driver for South-east Asia and companies in the region should optimise their supply chains to bank on these opportunities, said professional services network Ernst and Young (EY).

Companies with sick leave component in attendance bonuses could have work pass privileges suspended: MOM FIRMS which continue to have attendance-related incentive schemes that consider sick leave utilisation could lose their work pass privileges, Senior Minister of State for Manpower Koh Poh Koon said in Parliament on Monday (Feb 28).

Corporate Earnings

• Halcyon Agri swings back into black with US$10.8m H2 profit
• Olam posts H2 profit of S$264.9m on reorganisation-led turnaround
• China Everbright FY21 net profit up 17% to HK$1.2b; proposes final dividend of HK$0.0683
• Yanlord H2 profit falls 13% despite 46% higher revenue

The STI today

Singapore shares fall 1.6 per cent due to further Western sanctions on Russia

SINGAPORE stocks declined on Monday (Feb 28) as further Western sanctions were imposed on Russia following its attack on Ukraine.