Daily Debrief: What Happened Today

Stories you might have missed

Goodbye JCube: CapitaLand to redevelop mall into 40-storey residential development

JCUBE, a leisure and edutainment mall in Jurong East, will cease operations in early August as developer CapitaLand Development (CLD) works to convert the site into a 40-storey residential and commercial development.

Govt to consider ‘phantom credits’ report, Verra’s response in finalising criteria for carbon tax offset

THE Singapore Government will take into account The Guardian’s report, which claimed that more than 90 per cent of rainforest carbon offset credits approved by Verra are “phantom credits”, as it finalises its criteria for credits that will be eligible for carbon tax offsetting in the country.

Aerospace sector seeks to fill 3,000 jobs to meet growing maintenance, repair, overhaul demand

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AEROSPACE companies are ramping up recruitment efforts to fill about 3,000 new roles by end-2023, as the industry’s maintenance, repair and overhaul (MRO) sector is expected to grow further following China’s reopening, said Minister of State for Trade and Industry Alvin Tan in response to a parliamentary question on Tuesday (Feb 7).

Asia can attract more FDI with greener treaties: ADB

GOVERNMENTS in Asia should adopt a more environmentally ambitious approach in negotiating new investment agreements, the Asian Development Bank (ADB) said.

Singapore, Dubai to lead price growth in prime residential markets amid slowdown worldwide

SINGAPORE and Dubai will lead prime residential markets globally in 2023, with capital values in the two wealth magnet cities projected to grow 6 to 7.9 per cent, said Savills on Tuesday (Feb 7).

Tech winter dulls the shine of employee stock ownership plans

FALLING tech valuations across South-east Asia have dulled the attractiveness of Employee Stock Ownership Plans (Esop) for startup employees. Expectations of making a windfall from these instruments, like in Silicon Valley lore, are lukewarm in the current climate.

The STI today

Singapore stocks end lower on Tuesday; STI down 0.2%

LOCAL shares pulled back on Tuesday (Feb 7) as investor sentiment took a hit from the usual suspects – possible interest-rate hikes by the US Federal Reserve, inflation and worsening US-China ties.