Temasek Holdings Pte Ltd appointed Chia Song Hwee and Dilhan Pillay as presidents, saying it's changing its organisational structure to help the company navigate "challenging global times".
Singapore's manufacturing output fell by a less-than-expected 0.5 per cent in March on a year-on-year basis. Excluding the biomedical sector's output, the fall was sharper at 5.5 per cent.
Swiss bank BSI said Raj Sriram, the interim CEO of its Singapore unit, would leave the bank and Renato Cohn, member of BSI's group executive board, would become acting CEO.
The People's Action Party's (PAP) candidate for the Bukit Batok by-election, Murali Pillai, unveiled the party's manifesto for the constituency on Tuesday, the eve of Nomination Day. He announced plans to set up a healthcare co-operative for the elderly to reduce costs of certain consumables, and to help them understand medical advice and stay healthy.
DBS Bank on Tuesday launched India's first mobile-only bank, which goes paperless and branchless.
Singapore Telecommunications on Tuesday unveiled the Singtel Cyber Security Institute (CSI), a first-of-its-kind "cyber range" and educational institute in the Asia-Pacific to train companies to deal with sophisticated cyber threats.
The ringgit dropped for a fourth day after troubled state investment company 1Malaysia Development Bhd confirmed it's in default after missing an interest payment on bonds that are part-guaranteed by Abu Dhabi's sovereign wealth fund.
- Great Eastern's Q1 net profit falls 56% on unfavourable market conditions
- Parkway Life Reit Q1 DPU down 7% to 2.99 Singapore cents
- Mapletree Commercial Trust's Q4 DPU up marginally
The STI Today
The Straits Times Index's correction from a five-month high of 2,960 last Thursday extended into a third consecutive day on Tuesday when it dropped 5.62 points to 2,894.66, bringing its three-day loss to 66 points or 2.2 per cent.