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Daily Debrief: What Happened Today

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Headline growth for Singapore's economy in the first quarter of this year was largely within expectations with a 1.8 per cent year-on-year expansion, as manufacturing posted a better showing than predicted earlier while the services sector slipped.

Singapore economy grows by 1.8% in Q1, largely within expectations

Headline growth for Singapore's economy in the first quarter of this year was largely within expectations with a 1.8 per cent year-on-year expansion, as manufacturing posted a better showing than predicted earlier while the services sector slipped.


SGX confirms exclusive talks with Baltic Exchange

The Singapore Exchange (SGX) confirmed that it has entered into exclusive discussions to buy maritime information provider Baltic Exchange in London.

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China clears path for CMA CGM's merger with NOL

French container shipping group CMA CGM expects to announce soon a voluntary general cash offer for its proposed S$3.4 billion acquisition of Singapore-listed Neptune Orient Lines (NOL) after receiving the regulatory clearance from the Chinese government for the takeover bid.


Changi passenger traffic up 9.2% in April, driven partly by Northeast Asia, Southeast Asia

Traffic at Singapore's Changi Airport rose 9.2 per cent year on year in April as the airport handled 4.79 million passengers.


SingPost deputy chairman Goh who led integration efforts to resign from June 24

Singapore Post deputy chairman Goh Yeow Tin will resign from June 24, becoming the latest board member of the postal carrier to step down.


Jason suspends key executives over alleged improper transactions

Flooring specialist Jason Holdings has suspended chief executive Jason Sim and operations director New Sze Wei over allegations of improper transactions.


Corporate Earnings


The STI Today

Singapore shares close higher in line with Wall St, but off intraday highs

Wall Street's Tuesday rally helped push the Straits Times Index (STI) up 16.43 points to 2,766.66 on Wednesday, part of a region-wide bounce that saw the Hang Seng Index gain 2.7 per cent and the Nikkei 1.6 per cent.

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