Daily Debrief: What Happened Today

Bank lending nudges higher in May: MAS BANK lending in Singapore in May gained 0.3 per cent from the month before, preliminary data from the Monetary Authority of Singapore (MAS) on Friday showed. Loans through the domestic banking unit - which captures lending in all currencies but mainly reflects Singapore-dollar lending - stood at S$633 billion i BANK lending in Singapore in May gained 0.3 per cent from the month before, preliminary data from the Monetary Authority of Singapore (MAS) on Friday showed. Loans through the domestic banking unit - which captures lending in all currencies but mainly reflects Singapore-dollar lending - stood at S$633 billion in May, up from S$631 billion in April.

Race to buy US$10b valued GLP narrows down to two groups The race to buy Global Logistic Properties is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday de The race to buy Global Logistic Properties is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday deadline to submit bids for the US$10 billion-valued firm.

URA releases two sites that can yield 970 homes THE Urban Redevelopment Authority (URA) said the sites are a residential site at Fourth Avenue and a residential site with commercTHE Urban Redevelopment Authority (URA) said the sites are a residential site at Fourth Avenue and a residential site with commercial use on the first storey at Jiak Kim Street.

Government increases industrial land supply in second half to 13.9 ha THE Ministry of Trade and Industry (MTI) on Friday announced that it will launch eight sites on the Confirmed List and six sites on the Reserve List, with a total site area of 13.9 ha, under its Industria THE Ministry of Trade and Industry (MTI) on Friday announced that it will launch eight sites on the Confirmed List and six sites on the Reserve List, with a total site area of 13.9 ha, under its Industrial Government Land Sales (IGLS) programme for the second half of 2017.

Mapletree Logistics Trust to sell 2 warehouses in Japan for 13.5b yen MAPLETREE Logistics Trust is selling two warehouses in Japan for 13.5 billion yen (S$165.4 million) to net MAPLETREE Logistics Trust is selling two warehouses in Japan for 13.5 billion yen (S$165.4 million) to net a divestment gain of about 234 million yen from their purchase cost.

Minimum stay in private homes cut to three months SHORT-term stay of less than three consecutive months, including those facilitated through home-sharin SHORT-term stay of less than three consecutive months, including those facilitated through home-sharing platforms such as Airbnb, is still not allowed.

The STI Today

Singapore stocks finish lower on Friday, hit by Wall Street's selloff THE Straits Times Index on Wednesday tracked movements in overseas markets closely, first rising when the Dow futures bounced higher but sliding in the late afternoon when Europe op THE Straits Times Index on Wednesday tracked movements in overseas markets closely, first rising when the Dow futures bounced higher but sliding in the late afternoon when Europe opened in the red and the Dow futures started displaying some weakness.