Daily Debrief: What Happened Today

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Core inflation cools to 2.2% in February; price growth mainly driven by cost of cars CONSUMER prices were up 4.3 per cent year on year in February, faster than the 4 per cent increase the month before, on higher transport costs. The all-items consumer price index (CPI) reading is at its highest in 9 years, and beat the median forecast of 4.2 per cent in a Bloomberg poll.

SAP, EDB launch new S$250m engineering lab in Singapore MULTINATIONAL software corporation SAP on Wednesday (Mar 23) launched SAP Labs Singapore, a S$250 million engineering lab that aims to develop solutions in areas such as digital supply chains, sustainability, machine learning and artificial intelligence (AI).

Singapore, Malaysia agree to work towards full resumption of air and land travel

SINGAPORE and Malaysia have agreed to work together towards the full resumption of air and land travel for fully-vaccinated people, said Health Minister Ong Ye Kung on Wednesday (Mar 23).

Platform workers caught between autonomy and security in retirement planning AT the recent committee of supply debate, platform workers came to the fore again, with Senior Minister of State for Manpower, Koh Poh Koon, noting key concerns around Central Provident Fund (CPF) and retirement planning.

Lendlease Reit private placement 3.3 times subscribed; priced at S$0.725 per unit LENDLEASE Global Commercial Reit's private placement to raise at least S$325 million was 3.3 times subscribed.

CapitaLand's The Ascott acquires 2 properties for S$190m CAPITALAND Investment's wholly-owned lodging business unit The Ascott Limited has acquired 2 properties for a total of S$190 million through Ascott Serviced Residence Global Fund (ASRGF), its private equity fund with Qatar Investment Authority.

The STI today

STI up 0.4% on Wednesday tracking bullish regional sentiment

SINGAPORE stocks rose on Wednesday (Mar 23), tracking positive investor sentiment seen across other markets in the Asia-Pacific.