Daily Debrief: What Happened Today

Stories you might have missed

ExxonMobil to cut 7% of Singapore workforce, cites 'unprecedented market conditions'

ABOUT 300 positions will be impacted by the end of 2021, the oil major said.

Singapore's unemployment rates continue to decline in January: MOM

THE overall unemployment rate edged down to 3.2 per cent, from 3.3 per cent in December, while the resident unemployment rate was 4.3 per cent, down from 4.4 per cent.

Skills training funds extended - but with plans for shorter courses, eventual tapering THE Ministry of Education (MOE) will review and reallocate resources from January 2022, given the government's tight fiscal position and a gradual economic recovery.

Dependant's Pass holders must apply for work passes from May 1

WITH this upcoming change, they will have to apply for a work pass - such as an Employment Pass, S Pass or Work Permit - instead of submitting an LOC, unless they are business owners who meet specified criteria.

Foreign Employees Dormitories Act to be reviewed, and to cover all dorms

THE review of the act will also enable the Ministry of Manpower (MOM) to introduce housing standards and safe-living requirements in all dormitories through the Foreign Employees Dormitories Act.

Lasalle, Nafa to set up new private arts university with government backing

SINGAPORE will open a new private arts university by 2025, in a tie-up between veterans Lasalle College of the Arts and the Nanyang Academy of Fine Arts (Nafa).

SGX invests US$1.5m to take up stake in HeveaConnect

AS part of the investment, future prices of Sicom rubber contracts will be made available on HeveaConnect's platform.

Fortune Park near Kovan MRT station up for collective sale at S$115-118m

COMPRISING of 68 apartments, the property has a land area of about 44,878 square feet (sq ft), which brings the price per square foot (psf) between S$1,140 and S$1,170 after factoring a 7 per cent bonus gross floor area (GFA) scheme incentive.

The STI today

STI up 0.89%; DBS and OCBC at 52-week highs SINGAPORE'S blue-chip barometer the Straits Times Index (STI) rose 26.5 points or 0.89 per cent to 3,000.37, while gainers outnumbered decliners 251 to 229 in the broader market.