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Daily Debrief: What Happened Today

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The MAS core inflation figure, which excludes the costs of accommodation and private road transport, was at a positive 0.6 per cent in March, slightly faster than February's 0.5 per cent. This was due to higher food prices.

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.