What Happened Yesterday (Feb 1)

Stories you might have missed

Singapore expects to see 15 million to 16 million visitors in 2024, below pre-Covid levels
SINGAPORE’S tourism performance in 2024 is forecast to remain below pre-Covid levels, despite better-than-expected tourist spending in 2023, the Singapore Tourism Board (STB) said in its year in review on Thursday (Feb 1).

‘No real surprise’ as US Fed funds rate stays unchanged; analysts remain bullish on Asian markets
ANALYSTS are staying bullish on Asian equities and bonds, as expectations of a “soft landing” for the United States economy rose after the Federal Reserve overnight on Wednesday (Jan 31) decided to leave interest rates unchanged for the fourth consecutive time.

Singapore, China reaffirm trade, investment ties; pledge to advance economic cooperation
ECONOMIC and trade ties between Singapore and China are growing increasingly robust. The Chinese are welcome to join hands with Singapore businesses to break into the South-east Asian market with existing free trade agreements.

Keppel H2 profit rises 2.5%, posts record full-year profits on O&M unit sale
KEPPEL on Thursday posted a 2.5 per cent rise in net profit for the second half ended December to S$439.9 million, bringing full-year earnings to S$4.1 billion – a more than fourfold increase from a year earlier.

Cut-off yield on 6-month T-bill slides to 3.54%
SINGAPORE’S latest six-month tranche of Treasury bills (T-bills) is offering a cut-off yield of 3.54 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday.

Hatten Land receives notice of default for US$20 million convertible loan
HATTEN Land has received a notice of default for a US$20 million convertible loan obtained in 2017 and extended by its lender in 2020.