Published at 02:43 (GMT) 26 Aug
CNA: The Applied Study in Polytechnics and ITE Review (Aspire) committee released a list of 10 recommendations, all of which were accepted by the Government. The recommendations aim to give every Singaporean the opportunity to "realise their potential and progress in life, no matter what their starting point", the ASPIRE Committee said. The recommendations include helping students to make better-informed education and career guidance (ECG) choices and deepening skills after graduation through place-and-train programmes.
On FX, USD/SGD traded within 1.2501-13 in the morning, extending the range from the previous session. Dollar remains elevated as hawkish comments from Fed officials lingered. Jul industrial production is due at 05:00 GMT today. We pencilled an estimate of 2.0% y/y against the consensus of 3.3% y/y. A downside surprise will intensify concerns over growth following the much lower than expected Jul CPI print. However, the impact on USD/SGD is likely to be limited. The SGD NEER was seen at 0.28% below the midpoint. STI last seen 0.1% in gains.IF
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