News
Financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
Retail sales drop 2.5% MoM in January
Twelve of 14 industries also posted a decline in their respective sales.
VTL program sets sights on Greece and Vietnam
Applications for these countries are set to open on 13 March.
Almost half of millennials prioritise savings for vacations H1
This is as Singapore opened more vaccinated travel lanes.
F&B sales up 9.5% YoY in January to $829m
Online sales made up 29.1% of the total sales for the month.
Karim family acquires House of Tan Yeok Nee
The house was the sole survivor of the 19th century Four Houses.
Jardine Matheson’s underlying profit jumps 39% to $2.06b
Given this, the company proposed a final dividend of $2.24 per share.
Dairy Farm's underlying profit drops 62% to $142.7m
This is due to the impact of the reduction in the contribution from Yonghui.
Grab loses its grip with $1.1b loss for Q4
Around $3.6b total loss was recorded for FY2021.
4 of 10 Singaporeans eye travel in the next 3 months
A mix of domestic and international plans make up their plans.
Chart of the Day: 1 in 2 SG employees actively looking for new job opportunities
Better salary packages and new challenges were cited as the main reasons for doing so.
Market update: STI up 0.47%
Wilmar International was seen with the most growth.
February PMI declines to 50.2
Seasonal factors, such as the Lunar New Year, may have affected the decline.
More than 60% of older consumers still prefers in-store shopping
This is even as more Singaporeans purchase in-app.
Gov’t to collect additional 0.7% of GDP per year with GST rate hike
GST will be increased to 8% in 2023 and 9% in 2024.
MOF to strengthen business ecosystem in 2 areas
These are the corporate government regime and efficiency of processes.
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Commentary
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Singapore’s AI ambitions will rise or fall on infrastructure
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