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Daily Debrief: What Happened Today

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From July this year, the Land Transport Authority (LTA) and Urban Redevelopment Authority (URA) will require developers to submit a walking and cycling plan (WCP) so that the needs of pedestrians and cyclists are considered.

Developers' plans have to consider needs of non-motorists from July

From July this year, the Land Transport Authority and Urban Redevelopment Authority will require developers to submit a walking and cycling plan so that the needs of pedestrians and cyclists are considered.


Manulife Reit said to seek up to US$470m in Singapore IPO

Manulife Financial Corp, Canada's largest life insurer, will seek as much as US$470 million in its second attempt at a Singapore initial public offering of its US properties, according to people with knowledge of the matter.


Hot stock: DBS climbs in trading on Tuesday after 6% rise in Q1 core earnings

Shares in DBS Group climbed to an intra-day high of S$15.68 in trading on Tuesday after the group released its first quarter financial results before the market opened.


BreadTalk partners Shwe Taung Group to open bakery chain in Myanmar

BreadTalk and Myanmar Bakery, a member of the Myanmar-based real estate Shwe Taung Group, on Tuesday signed a franchise agreement to establish the BreadTalk bakery chain in Myanmar.


IHC opens joint venture medical centre in Wuxi to cater to high-end market

International Healthway Corporation (IHC) has opened an International Medical Centre in Wuxi New District, China which aims to capture the high-end market.


8 Bangladeshi men detained under Singapore's ISA for planning terror attacks back home

Eight Bangladeshi men working in Singapore who were planning to stage terror attacks back home have been detained under the Internal Security Act (ISA), the Ministry of Home Affairs announced on Tuesday.


Australia central bank cuts rates to 1.75%

Australia's central bank cut its cash rate a quarter point to an all-time low of 1.75 per cent on Tuesday, hoping to head off deflationary forces after a very low inflation reading for the first quarter.


Corporate Earnings


The STI Today

Singapore shares close weaker; STI down for seventh straight session

The Straits Times Index (STI) kicked off the week with a seventh straight loss on Tuesday, dropping 27.32 points to 2,811.20. Turnover remained meagre at 901 million units worth S$1.08 billion and excluding warrants there were 151 rises versus 258 falls throughout.