Daily Debrief: What Happened Today

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GSK’s Tuas vaccine facility is Singapore’s largest after S$300 million investment: Gan Kim Yong

THE expansion of British drugmaker GSK’s facility at Tuas has earned the title of Singapore’s largest vaccine production site based on a cumulative investment of some S$850 million, said Minister for Trade and Industry Gan Kim Yong.

NTUC to beef up career mentorship programmes for youths and push for quality internships

THE labour movement is expanding its career mentorship and mental health programmes for young workers and advocating “quality internships” after a year-long engagement with youths highlighted their desire for such resources.

Gig workers most financially stretched by high inflation, interest rates: DBS

AGAINST the backdrop of high inflation and interest rates, gig workers are found to be the most financially stretched among all of DBS’ customer groups.

GuocoLand bags S$498.6 million green facility to develop Lentor Gardens site

GUOCOLAND Limited has obtained S$498.6 million in green financing from DBS and OCBC to develop its residential site at Lentor Gardens, which was awarded to its tie-up with Hong Leong Holdings in April this year.

Singapore tops South-east Asia for tech funding in H1: report

SINGAPORE attracted a total of US$685 million in tech investments for the second quarter of 2023, bringing the city-state’s total H1 gains to US$1.2 billion.

Record resale prices in 17 out of 26 HDB towns in year to date: OrangeTee & Tie

RESALE prices hit record levels in 17 out of the 26 Housing and Development Board (HDB) towns in the year to date, said OrangeTee & Tie on Thursday (Jul 13).

The STI today

Singapore stocks surge as easing US inflation lifts markets; STI up 2%

SINGAPORE shares rallied as cheers swept across the region on Thursday (Jul 13) following a softer US inflation print that sparked hopes Federal Reserve rate hikes could end soon.