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Daily Debrief: What Happened Today
Singapore's non-oil domestic export plunged 15.6 per cent year on year in March, proving that the 2.0 per cent rise in February was what private-sector economists had predicted - a "one-month wonder".
Singapore households' "one-year-ahead" inflation expectations crept up to 2.79 per cent in March this year from 2.74 per cent in December 2015, according to the findings of the latest Singapore Index of Inflation Expectations (SInDEx) - a quarterly survey by the Singapore Management University.
Fintech companies in the Asia-Pacific received more than half of the US$5.3 billion in global investment in the first quarter, an Accenture report on Monday showed.
Shareholders of OSIM International who sold their shares on April 5 below S$1.39 each will receive an additional payment from the group on a goodwill basis.
Shares of local cleanroom specialist Acromec Ltd jumped by more than 20 per cent on their first day of trading on the Catalist board.
Singapore Airlines (SIA) and Airbus officially launched on Monday the Airbus Asia Training Centre at Seletar Aerospace Park, which aims to capitalise on the growing demand for flight crew training services.
Singapore public transport operator SMRT Corporation is venturing into the on-demand private car hire segment, putting it in the same market as ride-sharing platforms Uber and Grab.
- Keppel Corp's Q1 net profit down 42%
- Baker Tech warns of Q1 loss
- Qian Hu's Q1 net profit down 89.3% to S$12,000
The STI Today
The failure of talks over the weekend in Doha to limit the supply of oil brought the sellers out and gave traders an excuse to go short on Monday with the Straits Times Index (STI) dropping 6.19 points to 2,917.75. Turnover was a low 927 million units worth S$815 million and excluding warrants there were 169 rises versus 244 falls.