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Daily Debrief: What Happened Today
In all, developers sold 843 private homes in March, more than double the 303 units sold in the traditionally lull month of February.
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.
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.
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.
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'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.
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.
- CapitaGreen and Raffles City lift CCT Q1 distributable income
- Deep in red ink, Ezra books impairments and write-offs in Q2
The STI Today
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.