Daily Debrief: What Happened Today
Stories you might have missed
Singapore March inflation eases further to -1%, core inflation up slightly at 0.6%
Headline inflation fell for the 17th straight month in Singapore in March, but core inflation edged up slightly.
Safety lapses direct cause of fatal accident on train tracks: SMRT investigation
A vital safety protection measure - where the speed limit on the affected track sector is set to 0 km/h before a work team is allowed on it, so that no train can enter on automated mode - was not applied on March 22, 2016, "directly causing" the accident that killed two SMRT staff.
Singapore puts aside S$700m for Tourism Development Fund over next five years
The Singapore government is allocating S$700 million to a third tranche of the Tourism Development Fund from 2016 to 2020. This was announced by Minister for Trade and Industry, S Iswaran, on Monday morning at the Tourism Industry Conference organised by the Singapore Tourism Board.
Growth in Uber car supply can help reduce private car ownership: Singapore GM
Uber's collaboration with Lion City Rentals to put in bids for certificates of entitlement for cars here can help Singapore reduce private car ownership, said Warren Tseng, Uber's general manager in Singapore.
Stanchart's vice-chairman of Asean, Lim Cheng Teck, to retire May 1
Standard Chartered Bank announced on Monday that its vice-chairman of Asean, Lim Cheng Teck, will be retiring on May 1. Mr Lim, a veteran who has been with the bank for more than 28 years, has held many senior roles, including chief executive of Singapore and China as well as regional chief executive of Asean.
Marco Polo Marine obtains stay of entirety of court proceedings instituted by PPL Shipyard
The Singapore High Court on April 22 granted the Marco Polo Marine's application for a stay of the entirety of the court proceedings instituted by PPL Shipyard in favour of arbitration.
Corporate Earnings
The STI Today
Singapore shares close lower as banks, Singtel drag STI down 40 points to 2,900
Having gained 152 points in nine trading days leading up to Friday last week, the Straits Times Index (STI) fell for the second consecutive session when it dropped 40.15 points to 2,900.28 on Monday.
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International
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years