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Daily Debrief: What Happened Today

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SINGAPORE'S retail companies are experiencing a significant tightening of their cash flow positions as creditors take steps to protect themselves against possible defaults.

Retail sector's cash flow tightens as creditors demand prompt payment: DP Info

Singapore's retail companies are experiencing a significant tightening of their cash flow positions as creditors take steps to protect themselves against possible defaults.


China Merchants looking to privatise at S$1.02 per share

Toll road operator China Merchants has become the latest privatisation target on the Singapore bourse.


PSA launches S$20m incubation programme to nurture logistics tech startups

PSA International on Monday unveiled its latest innovation initiative - a corporate venture capital arm and incubation programme known as PSA unboXed.


Frasers Centrepoint confirms Reit listing with Australian assets

Frasers Centrepoint Limited (FCL) said on Monday that it is "reviewing and exploring the proposal for the establishment of a new real estate investment trust (Reit) to be listed on the main board of Singapore Exchange (SGX)" in response to an article by The Business Times on Monday.


Oxley offers 4-year 5.15% retail bonds

Property developer Oxley Holdings on Monday announced an offer of up to S$150 million of four-year 5.15 per cent bonds due 2020, to be issued and unconditionally and irrevocably guaranteed.


Hot stock update: Parkson Retail down 16.9% on profit guidance

Parkson Retail Asia closed 16.9 per cent lower at S$0.191 on Monday, leading up to the release of its third-quarter results on May 12.


Corporate Earnings


The STI Today

Singapore shares rise 1.3%

Share prices on the local bourse rose on Monday with the key Straits Times Index (STI) finishing at 2,766.06 - 35.26 points or 1.3 per cent higher.