Singapore Wrap Thursday
Today's notable stories
Economy
Earnings
OCBC opens Myanmar branch, sees growth in SME and mid-cap segment
OCBC expects to double its revenue from its regional business of its SME (small and medium enterprise) and mid-cap clients within three years, as it opened its first branch in Myanmar on Thursday, a senior executive said.
DBS's S$18m hongbao to employees came from senior managers' bonus pool: chairman
The S$18 million hongbao given to 18,000 DBS employees came from senior managers' bonus pool, said Peter Seah, chairman of DBS Group Holdings, on Thursday.
MPA pumps S$2.4b into new Tuas Terminal, more funds into green tech
The Maritime and Port Authority of Singapore (MPA) has inked a S$2.42 billion deal to develop the first phase of the upcoming Tuas Terminal, it said in a statement on Thursday.
Singapore: Market weakens despite STI's rise
A quiet session at Singapore Exchange on Thursday ended with the Straits Times Index (STI) 6.51 points firmer at 3,502.75 but with a weak broad market that recorded 195 rises versus 277 falls, excluding warrants.
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International
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer