Daily Debrief: What Happened Today

Stories you might have missed

Businesses identify manpower and increased costs as core challenges for 2023

BUSINESSES hope Singapore Budget 2023 will support them in addressing costs (74 per cent), manpower challenges (57 per cent) and assistance in cash flow management (48 per cent), according to the Singapore Business Federation’s (SBF) latest National Business Survey 2022/2023.

Global air cargo demand wanes in November as economic headwinds persist: Iata

DEMAND for air cargo appeared to soften globally in November 2022, despite it being the traditional peak season for air cargo performance.

China’s reopening stokes ‘optimism’ in Hong Kong economy despite looming global downturn

HONG Kong is “quite optimistic” about its economic prospects in 2023, with China’s reopening expected to soften any potential blow the city may sustain from the looming global downturn, a senior official said a day after border restrictions were scrapped.

Olam targets agribusiness IPO in H1 with listings in Singapore, Saudi Arabia

OLAM Group has outlined plans to list Olam Agri, its agribusiness unit, as early as H1 2023, it said on Tuesday (Jan 10).

Commodity prices to fall as Chinese companies return to full capacity: UOBKH

UOB Kay Hian (UOBKH) is advising investors to reduce their exposure to commodities and pivot towards consumer staples as commodity prices decline.

The STI today

Singapore stocks fall as US interest rate fears dampen China optimism; STI sinks 1.3%

THE Straits Times Index (STI) fell 1.3 per cent or 42.76 points to 3,262.91 points on Tuesday (Jan 10).