Economy
Market Update: STI down 0.41%
Market Update: STI down 0.41%
Sembcorp Industries and Wilmar International took the lead at the closing of today’s index.
86,600 SG residents jobless in June amidst heightened alert and Delta jitters
Total employment fell in the second quarter by 15,700.
Services sector remain optimistic for July to December
A net weighted balance of 11% of the firms gives a “favourable business outlook” expectation.
Daily briefing: Biden appoints US ambassador in Singapore; Employment expands in Q2 but at slower pace
And firms say discount for vaccinated people not discriminatory.
Japfa net profit grew 54.3% YoY to US$118.5m in H1
Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period.
SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch
Fitch Solutions expects the Singapore dollar to trade between $1.35 to $1.38 against the greenback for 2021.
Gov’t shells out $2b to extend support amidst reimplemented P2(HA)
The Jobs Support Scheme has been extended to 18 August.
June CPI remains elevated at 2.4% YoY
MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.
Daily briefing: White House defence secretary to visit Singapore; Manufacturing output growth speeds up 27.5% in June
And Health Ministry clarifies roadmap in treating COVID as endemic remains.
Core inflation eased to 0.6% in June
Inflation for all items meanwhile remained unchanged at 2.4% YoY.
Temasek continues investments in carbon-emitters amidst green goals
The state investor says these investments are meant to help these firms shift to a different path.
It’s take two for Phase 2(HA): Here’s what you need to know
Phase 2 (Heightened Alert) starts today, superseding the earlier announced Phase 3 (Heightened Alert) restrictions.
Chart of the day: Inflation expectations stay flat at 2.7%
Singaporeans expect prices for household durables & services to have picked up in the second quarter.
Experts upgrade exports forecasts amidst high June figures
June exports surged to 15.9% year-on-year, nearly doubling May’s figures.
Chart of the Day: SG Q1 GDP growth to climb 1.3% above pre-pandemic levels
The government's cautious approach in reopening boosted its growth.
Recovery relies on border restrictions easing
Outlook for the tourism and food and beverage sectors do not look promising for the remainder of 2021.
Exports soared by 15.9% in June
Top export destinations were Taiwan, the EU, and Mainland China.
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