Daily Debrief: What Happened Today

Stories you might have missed

Singapore, Malaysia discuss how to progress on ‘outstanding bilateral issues’ during Anwar’s visit

SINGAPORE and Malaysia inked three agreements for cooperation in the digital economy, green economy and cybersecurity during Malaysian Prime Minister Anwar Ibrahim’s first official visit to the Republic on Monday (Jan 30).

Tech industry group calls for support for digital trust, talent, sustainability in Budget 2023

TECHNOLOGY industry trade association SGTech is calling for support to develop digital trust-capabilities, adopt skills-based assessments to hire and train tech talent, as well as provide cash rebates to encourage sustainability in Budget 2023.

Tax hike for top earners did not hurt spending, while handouts boosted consumption: Singapore study

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A PERSONAL income tax hike for Singapore’s top earners did not cause them to spend less overall, while accompanying redistribution programmes did boost consumption by lower-income groups, a new study has found.

Singapore hotel average room rates up in Dec from previous month; other measures down slightly

SINGAPORE hotels’ average room rate (ARR) picked up in December 2022 after a marginal fall in November to record a new 14-year high, going by Singapore Tourism Board data on Monday (Jan 30).

Keppel says O&M unit has fully paid its fines to Brazilian authorities

KEPPEL Offshore & Marine (Keppel O&M) said on Monday (Jan 30) that it has made full payment of the fines and damages payable worth 343.6 million reais (S$88.2 million) to Brazil under a leniency agreement that had been set out earlier.

Corporate Earnings

• CapitaLand Ascott Trust H2 DPS rises 47% to S$0.0333; managers eye greater traction from China reopening

• CDL Hospitality Trusts’ H2 DPS up 17.3% to S$0.0359 on continued global travel recovery

• Sabana Reit H2 DPU falls 7% to S$0.0146 on higher interest expenses

The STI today

Singapore shares down 0.5% on Monday amid cautious trading

SINGAPORE stocks ended lower on Monday (Jan 30) as markets remain cautious ahead of various key events that are happening this week.