Daily report: what happened today, government and economy



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Friday, November 27, 2020 – 6:30 pm

Stories that you may have missed

HDT rules out Singapore electric taxi business due to ‘debilitating’ impact of Covid-19

HDT Singapore Holding, whose electric taxis have roamed city-state roads for about two years, is shutting down business forever and instead focusing on other green transportation solutions.


No bonus for officials this year; 2,400 workers with lower wages to get S $ 1,200

AFTER close consultation with public sector unions, the government decided there will be no year-end annual variable component (AVC) payment for those in the civil service, the Public Service Division (PSD) said on Friday.


Singapore’s service sector raises more revenue in Q3 than Q2, but revenue is down 9.5% YoY

ALL industries, except information and communications services, posted lower business revenues year-on-year.


UOB and Vietnam Foreign Investment Agency secure more than S $ 3 billion of FDI

Over 2,000 jobs are expected to be created in Vietnam from the next investment wave, in addition to the over 17,000 jobs already created under the first MOU.


COE supply is expected to fall 11% in February-April next year

THIS extrapolation is based on the lowest numbers of casualties in the Land Transportation Authority (LTA) passenger car registry in October this year, which were down about 2 percent from the previous month.


MYP completes the sale of ABI Plaza to the fund entity CapitaLand

PAI had announced plans in September to sell ABI Plaza for S $ 200 million to Artemis Ventures, which is a Singapore-incorporated investment holding company linked to a private fund managed by CapitaLand Fund Management.


SGX Consulting Hong Leong Asia on Share Price Rise; shares up 7.9%

Shares in Hong Leong Asia (HLA), the commercial and industrial arm of the Hong Leong group, rose on Friday, prompting a query from the broker regarding its “unusual price movements.”


Corporate earnings


ITS today

Singapore Stocks End Week in the Red; STI down 0.1%

The benchmark Straits Times Index fell 0.1 percent or 1.66 points to 2,855.82 on Friday.



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