The Business Times

Daily Debrief: What Happened Today

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Published Wed, Feb 22, 2017 · 10:30 AM

Higher starting salaries for NUS, NTU, SMU graduates in 2016

The salaries for fresh graduates in Singapore's three oldest universities went up last year, according to the findings of the latest joint graduate employment survey released on Wednesday.

SG Budget Reactions: Fitch says Budget 2017 targets structural issues

The expansionary stance of Singapore's Budget 2017 reflects the headwinds faced by the economy, Fitch Ratings said on Wednesday.

Singapore Jan industrial output seen contracting 2.6% m-o-m: poll

Singapore's industrial production in January is expected to have shrunk after a run of strong monthly rises, a Reuters poll showed, though analysts see the electronics sector extending its recent bounce.

New management appointments at CapitaLand entities

A total of three appointments to management have been made at CapitaLand Retail China Trust Management (CRCTM), CapitaLand Commercial Trust Management (CCTM) and Ascott Residence Trust Management. They are to take effect from March 1.

HSBC appoints Australia chief to lead Singapore

HSBC has appointed Tony Cripps, chief executive of HSBC Australia, to lead its group in Singapore, with effect from April 3, 2017. Mr Cripps succeeds Guy Harvey-Samuel, who will retire from HSBC after more than 38 years at the bank.

Olam to pause land clearing in Gabon in truce with Mighty Earth

Olam International is suspending further forest clearing in Gabon for at least a year, as it reaches a truce with environmental group Mighty Earth which had earlier criticised the agri-commodity group for its supposed deforestation practices in the country.

European businesses still committed to Singapore, says EuroCham

The European Chamber of Commerce (EuroCham) Singapore said that European businesses remain ready to contribute to the republic's next phase of growth, adding that it welcomes recommendations by the Committee on the Future Economy (CFE).

Corporate Earnings

The STI Today

Singapore shares finish higher, STI up 0.9% thanks to big banks push

An eighth consecutive all-time high for the Dow Jones Industrial Average on Tuesday triggered a large push on the local banks on Wednesday, propelling the Straits Times Index up 28.01 points or 0.91 per cent to 3,122.20 with overall volume amounting to a decent 2.6 billion units worth S$1.47 billion.


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