Daily Debrief: What Happened Today (Oct 16)
Stories you might have missed
Singapore's National Environment Agency has identified seven companies as the origin of the haze affecting the nation, which is expected to persist into late October or early November, according to Minister for Sustainability and Environment Grace Fu. The haze is believed to have originated from fires on their land in Indonesia.
Indonesia's stock market experienced its worst plunge in nearly three decades on Friday, falling by almost 12 percent and triggering a trading halt. This sharp decline came after MSCI proposed downgrading Indonesia from an emerging-market to a standalone status.
Despite the challenging economic conditions, Singapore's non-oil domestic exports saw a significant surge in September, increasing by 68.4 percent year on year. This growth was led by non-electronics exports, surpassing the 32.2 percent consensus forecast made by private-sector economists in a Bloomberg poll.
The Monetary Authority of Singapore (MAS) has appointed Loh Khum Yean, chairman of the Maritime and Port Authority of Singapore, to its board, effective November 1.
Singapore's small and medium-sized enterprises (SMEs) are currently operating in an expansionary mode, according to the latest OCBC SME Index. This growth is occurring even as the business landscape continues to evolve rapidly.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
