Daily Debrief: What Happened Today (Jun 24)

Stories you might have missed

Singapore’s May inflation meets economists’ expectations; headline and core figures both at 3.1%

SINGAPORE’S inflation in May met economists’ expectations, with headline inflation rising at a faster pace than the month before, data from the Department of Statistics showed on Monday (Jun 24).

Singapore monitoring impact of oil spill on beach-front businesses: Grace Fu

SINGAPORE is monitoring the impact of the recent oil spill on beach-front businesses which operate sea-based activities, said Minister for Sustainability and the Environment Grace Fu on Monday (Jun 24).

Singapore maritime sector costs could rise following oil spill as industry ponders risk mitigation moves

COSTS for the shipping and maritime sector in Singapore could go up following the recent oil spill, as the industry assesses if further risk mitigation measures are needed to prevent another similar disaster.

World Bank urges tax reforms as Indonesia’s Prabowo faces fiscal challenges

INDONESIA’S President-elect Prabowo Subianto must intensify tax reform efforts to offset the widening fiscal deficit even as he seeks to implement his campaign initiatives, a senior World Bank official said at an event on Monday (Jun 24).

Over 180 Malaysia’s fishermen affected by Singapore oil spill; losses estimated at RM480,000

THE recent oil spill in Singapore has hit the livelihoods of more than 180 fishermen in Pengerang in Johor, with estimated losses amounting to around RM480,000 (S$137,960), said Johor’s health and environment committee chairman Ling Tian Soon.

Singapore stocks climb after inflation data delivers no surprises; STI up 0.3%

SINGAPORE shares ended higher on Monday (Jun 24) after local inflation data released the same day came in largely in line with expectations.