What Happened Today (Jan 23)

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Singapore’s headline inflation averages 4.8% in 2023, core inflation at 4.2%
SINGAPORE’S inflation in 2023 came close to official forecasts, with slightly higher-than-expected inflation in December, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Tuesday (Jan 23).

MOH finds more process lapses at Cordlife, requires rectifications by end-May
THE Ministry of Health (MOH) has found more lapses at cord-blood bank Cordlife Group. These are on top of the already-announced instances when its storage tanks exceeded acceptable temperatures.

SINGAPORE has formally ratified the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Tuesday.

31 Midpoint Orchard units up for sale at S$281 million guide price
THIRTY-ONE freehold commercial units at Midpoint Orchard are up for sale, at a guide price of S$281 million. The strata-titled units are being sold collectively by individual owners and companies, Huttons Asia, which has been appointed for the sale, said on Tuesday.

Seatrium secures S$400 million green loan for sustainability projects
SEATRIUM has obtained a S$400 million committed green revolving loan facility from UOB to support environmentally sustainable projects. The loan is secured via its unit Seatrium Financial Services, said the offshore and marine engineering group on Tuesday.

Singapore shares continue losing streak even as Asian markets rally
SINGAPORE stocks ended in the red on Tuesday (Jan 23), continuing its losing streak for the second day in a row. Its performance bucked the trend of regional bourses which mostly ended in the black.