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Daily Debrief: What Happened Today

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Singapore firms posted a slight deterioration in operating conditions in April.

Operating conditions deteriorate across Singapore private sector in April: Nikkei Singapore PMI

Singapore firms posted a slight deterioration in operating conditions in April, with the headline Nikkei Singapore purchasing managers' index (PMI) falling to 49.4 from March's 52.0.


Singapore launches platform to make e-government transactions faster

MyInfo, a consent-based platform that seeks to make e-Government transactions - such as applications for public housing flats, the Baby Bonus scheme or polytechnic admissions - faster and easier for citizens, was officially launched on Thursday.


Car COE premiums up; other categories down

The first certificate of entitlement (COE) bidding exercise for May ended mixed, with passenger car premiums rising but the other categories falling.


Singapore files three new charges against ex-BSI banker in 1MDB probe

 

Singapore prosecutors slapped three new charges on former BSI wealth manager Yeo Jiawei who was described as having "schemed directly with those responsible for this complex web of criminal transactions and activities" in court on Thursday.


Temasek unit backs startup diamond exchange as trade kicks off

Singapore state investment company Temasek Holdings is throwing its weight behind a diamond exchange that began trading in the city-state on Thursday, backing the project through venture-capital unit Vertex Venture Holdings.


PayPal launches inaugural incubation programme in Singapore

PayPal is launching a nine-month incubation programme in Singapore, targeted at financial technology and technology start-ups.


HLH clarifies erroneous announcement on SGX StockFacts portal

HLH Group has clarified that erroneous information was posted on the SGX StockFacts portal in February which claimed that the group has cancelled its acquisition of a land parcel in Cambodia.


Corporate Earnings


The STI Today

Singapore shares close lower as STI sinks for 9th straight day

For the ninth straight session, the Straits Times Index (STI) on Thursday opened in the red, at its intraday low losing 24 points at 2,749. A firm opening for Europe and a 90-point rise in the Dow futures prompted a scramble that elevated the index to almost its opening level but it was unable to cross into the black, resulting in a net loss of 5.26 points at 2,767.81.