Daily Debrief: What Happened Today

Singapore factory output up 6.7% y-o-y in April on electronics surge

Singapore's electronics output continued its winning streak in April and negated biomedical's shrinkage to push overall factory output higher.

Ex-CIMB banker admits insider trades in Singapore takeovers

Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd banker, admitted to insider trading on two stocks before the companies received takeover offers.

Ex-NOL chief Ng Yat Chung to take reins of SPH as CEO, deputy CEO retire

Singapore Press Holdings (SPH) will appoint former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO, while current CEO Alan Chan and deputy CEO Patrick Daniel will retire, the media and property group announced on Friday.

Noble Group dealt fresh blow as Fitch cuts its ratings yet again

Noble Group Ltd received a fresh blow as Fitch Ratings Ltd. cut the embattled commodity trader's rating for a second time in the space of 10 days, flagging concern over its ability to address about US$2 billion of debt that matures over the next 12 months.

Singapore Royal Group sells Sydney hotel for about A$140m

Royal Hotels Australia Pty, part of Singapore's Royal Group, has agreed to sell InterContinental Sydney Double Bay to Zobon Real Estate Group and Shanghai United Real Estate Inc for about A$140 million.

Tuan Sing sets issue price of S$120m notes

Tuan Sing Holdings has priced its S$120 million 6 per cent notes due 2020 which are expected to be issued on June 5.

Corporate Earnings

The STI Today

Singapore stocks finish weaker on Friday

The local stock market this week took its cues from Wall Street, where the political upheaval of a fortnight ago appears to have settled down. Or has it?