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Daily Debrief: What Happened Today

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Friday, April 15, 2016 - 18:30

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Successful launches of several condominium projects in March lent boost to new home sales done by developers in Singapore.

Successful launches lead to jump in developer sales in March

In all, developers sold 843 private homes in March, more than double the 303 units sold in the traditionally lull month of February.


Singapore's Feb retail sales down 3.2% year on year despite 51.3% surge in motor sales

Despite a year-on-year 51.3 per cent surge in motor sales, February retail sales saw a 3.2 per cent fall from the same month last year, with only goods in three categories registering an increase in year-on-year sales.

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Funan revamp to create integrated development the size of Ion Orchard

Funan DigitaLife Mall is set for a revamp that will turn it into an integrated development roughly the size of Ion Orchard, the parent of its owner CapitaLand Mall Trust said in a press release Friday morning.


Broker's take: UOB Kay Hian initiates on Cityneon with 'buy'

Acquiring a company that developed an Avengers exhibition in Times Square has opened up a whole new world of opportunities for event services provider Cityneon and the company is set for strong earnings growth ahead, brokerage UOB Kay Hian said on Friday.


Linc Energy goes into voluntary administration

Its directors have appointed Stephen Longley, Grant Sparks and Martin Ford of PPB Advisory as the administrators, effective April 15, the oil and gas firm said in its statement.


Singapore March exports seen contracting on weak global demand: poll

Singapore's exports in March are forecast to have shrank in another sign of sluggish global demand, backing Thursday's unexpected policy easing by the central bank as it tries to reanimate feeble growth.


Ezra and Emas Offshore to sell vessel

Offshores services provider Ezra Holdings and an Emas Offshore unit plan to divest their stakes in the Lewek Emas vessel, they said in a press release late Thursday. The proposed sum was not disclosed.


Corporate Earnings


The STI Today

Singapore shares post weekly gain of 4% on strong China exports, MAS easing

A large, short-covering bounce on Wednesday that was triggered by China reporting better-than-expected exports for March was followed by a surprise announcement by the Monetary Authority of Singapore which essentially made for a weaker Singapore dollar - these were the highlights of the week in which the Straits Times Index finally moved into the black for the year.

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