What Happened Yesterday (Feb 5)

Stories you might have missed

Singapore to review F1 contracts, audit 2022 race in light of graft allegations against Iswaran
SINGAPORE will once again review the terms of its contract with the F1 Singapore Grand Prix, and conduct an audit on the race held in 2022, in light of corruption charges brought against former transport minister S Iswaran.

Singapore retail sales down 0.4% in December, reversing November’s gain
SINGAPORE’S retail sales fell 0.4 per cent year on year in December, reversing the 2.4 per cent gain of the month before, as most industries recorded declines in sales.

Retrenchment rules must keep flexibility for businesses while protecting workers: Tan See Leng
IN MANAGING retrenchments, Singapore must preserve flexibility for businesses even while protecting workers, said Minister for Manpower Tan See Leng in Parliament on Monday (Feb 5).

Executive condo prices are stretching affordability limits. Is it time to refine the model?
MANY young persons struggle in chasing private housing aspirations in Singapore. A cost-effective way for locals to get into private homeownership is to buy an executive condominium (EC). New EC units are way cheaper than comparable new condo units – by possibly over a third.

Singapore shares sink on Monday after Powell signals slower-than-expected rate cuts; STI down 1.4%
SINGAPORE shares ended Monday (Feb 5) in the red, after United States Federal Reserve chair Jerome Powell said the Federal Open Market Committee is unlikely to make a rate cut in March.