Daily report: what happened today, government and economy



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Tue, September 08, 2020 – 6:30 pm

Stories that you may have missed

Temasek posts negative 1-year return, portfolio value falls

TEMASEK Holdings reported on Tuesday that its one-year total shareholder return (TSR) had fallen into negative territory to -2.28 percent for the 12 months ended March 31, 2020, in part due to the sharp correction in the market in the quarter to March. 31 in response to the appearance of Covid-19.


Singapore, to ensure that it remains the preferred hub for companies, remains open to global talent

The MINISTER of Trade and Industry, Chan Chun Sing, stressed that Singapore should see itself not only as a gateway to the region, but as a critical node in companies’ global value chains.


Government Reviews Suggestions From Singapore Nightlife Operators To Help Reboot Industry

AREAS being considered include allowing family-themed karaoke venues that do not serve alcoholic beverages and observe safe management measures to resume business, and faster approvals for temporary changes to business licenses.


Employment expectations for the fourth quarter worsen among Singapore companies

The latest quarterly survey by the Singapore Trade Credit Bureau (SCCB) of 200 business owners and senior executives showed that the employment expectations indicator decreased to -13.19 percentage points in the fourth quarter, from -3.29 points percentage in the previous quarter.


DBS launches savings and healthcare solutions for concert workers

Initiatives include enhancements to DBS’s banking and earnings program, DBS Multiplier, which makes it easier for those who are self-employed to earn higher interest on their balances.


On-board units for the new ERP system to be installed from the second half of 2021: LTA

THE LTA noted Tuesday that the existing cordon- and point-based congestion pricing framework will be maintained and ERP rates will continue to be reviewed based on traffic speed and congestion levels.


ITS today

Singapore Stocks Close 0.3% Lower Thanks to Directionless Trading

The key Straits Times Index of the Singapore stock market fell 6.45 points or 0.26 percent to 2,504.76 on Tuesday, as prices generally moved back and forth on no directional autopilot.



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