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Daily Debrief: What Happened Today

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The services sector sees conditions worsening over the next six months, when compared with the previous six months, but the mood is slightly better than when it hit a low a quarter ago.

Services sector more pessimistic about business conditions till Sept, manufacturers see no change

The services sector sees conditions worsening over the next six months, when compared with the previous six months, but the mood is slightly better than when it hit a low a quarter ago.


OSIM privatisation crosses 90%, minority squeeze-out to be applied

OSIM International founder Ron Sim is on the verge of privatising his company, with his family having acquired, agreed to acquire, owned or controlled 90.64 per cent of OSIM's shares as at Thursday.


Amol Gupte named Citi country officer for Singapore and head of Asean

Amol Gupte has been appointed Citi country officer for Singapore and head of Asean; he will relocate to Singapore and continue to report to Francisco Aristeguieta and participate in the Asia Pacific Operating Committee.


North-South, East-West lines to be 'virtually new' by 2019 after upgrading works: SMRT CEO

Transport operator SMRT Corporation is working with authorities to see how it can speed up upgrading works for the power capacity on its main rail lines.


Singapore March bank lending down as general commerce, financial loans drop

Singapore's total bank lending in March fell from February due to declines in loans to general commerce and financial institutions, central bank data showed on Friday.


NeraTel in advanced discussions to sell payments business

The disclosure was made in response to a Singapore Exchange query on Thursday after an unusual spike in NeraTel's share price.


MTI announces board changes at EMA, JTC, IE Singapore, SDC

The Ministry of Trade and Industry (MTI) on Friday announced board appointment changes at four statutory boards.


Corporate Earnings


The STI Today

Singapore shares lose 3.5% over the week as BOJ, US GDP disappoint

The two central bank meetings this week were supposed to be non-events - the US Federal Reserve was expected to keep interest rates steady while expressing caution about the state of the US economy, while the Bank of Japan (BOJ) was expected to announce more monetary stimulus to revive its flagging economy.