Daily Debrief: What Happened Today

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Singapore unveils 10-year economic strategy with new targets for trade and other pillars SINGAPORE has unveiled what Trade and Industry Minister Gan Kim Yong called a "collective vision for the economy", with goals such as reaching an export value of at least S$1 trillion by 2030.

Big firms could face data breach fines of up to 10% of turnover from Oct 1 COMPANIES can be fined more heavily for data breaches from Oct 1 this year, following changes to Singapore's data protection laws that were passed in Parliament in November 2020.

Government may extend Temporary Electricity Contracting Support Scheme beyond May if needed THE government may extend the Temporary Electricity Contracting Support Scheme (TRECS) beyond May, amid concerns about the impact of the Russia-Ukraine war on the energy market, said Second Minister for Trade and Industry Tan See Leng on Friday (Mar 4).

New S$70m support scheme for eateries, retailers; S$50m campaign for heartland shops THE retail and food and beverage (F&B) industries are set to get S$70 million more in business support, as Minister of State for Trade and Industry Low Yen Ling laid out measures to help enterprises that she said "have shown incredible, incredible resilience and mettle to transform and thrive".

Pre-CNY shopping fuels rise in January retail sales of 11.8% SINGAPORE'S retail sales rose 11.8 per cent year on year in January, following the previous month's 6.7 per cent rise, coming in as the fifth consecutive month of growth.

Singapore VTLs to take in Vietnam, extend to Penang, Bali and all India cities NEW Vaccinated Travel Lanes (VTLs) will be launched for Greece and Vietnam from as early as Mar 16, 2022, announced the Civil Aviation Authority of Singapore (CAAS) on Friday (Mar 4).

The STI today

Nerves frayed by Russian shelling of nuclear plant in Ukraine sends STI down 0.8%

SINGAPORE shares fell as the volume turned up on market jitters over the war in eastern Europe, which reached a new level on Friday as Russian forces shelled and then seized Europe's largest nuclear power plant in Ukraine.