Daily Debrief: What Happened Today

Stories you might have missed

Singapore’s government revenue would lag spending in FY2026-30, if not for Budget 2022 tax changes

RISING public spending means that Singapore’s government revenue would likely fall short for the FY2026 to FY2030 period and beyond, if not for tax changes announced last year.

China reopening: Singapore businesses in country hit by Covid surge but remain optimistic

SINGAPORE companies with operations in China said the country’s reopening led to a surge in infections rather than consumer demand, shuttering retail outlets and factory lines alike. But bosses are cautiously optimistic now that the wave has subsided.

Turning Subang Airport into premium city airport a brave and right decision: Tony Fernandes

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MALAYSIAN aviation tycoon Tony Fernandes described the government’s move in revamping Subang Airport into a premium city airport and regional aviation hub as “a bold, brave and right decision” that will catalyse Malaysia’s aviation sector.

Sutton Place to be relaunched for en bloc sale at unchanged S$285 million guide price

SUTTON Place, a freehold residential development at 24, 26 and 28 Farrer Road in prime District 10 will be relaunched for collective sale on Thursday (Feb 9). Its guide price remains at S$285 million after the last attempt closed on Sep 15 last year without a deal.

Glass waste destined for landfill finds new use on oil rigs

DURING its usual business of spraying surfaces with industrial abrasives, local company Abraclean took a shine to Abrablast, a glass material from the United Kingdom.

Corporate Earnings

• Straco to report ‘substantial net loss’ for FY2022

The STI today

Singapore stocks end higher as traders mull inflation outlook, corporate earnings

THE local stock market edged higher on Wednesday (Feb 8) as investors mulled over the latest remarks from US Federal Reserve chairman Jerome Powell.