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Daily Debrief: What Happened Today
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NODX was boosted by specialised machinery exports and the typically volatile pharmaceutical segment; non-electronic shipments rose by 14.5 per cent overall, after a 9 per cent decline in May.
STB said the decrease in tourism receipts was observed across the board and takings from the shopping component suffered the sharpest fall, as they were more than halved (52 per cent) to S$656 million.
INSTEAD, their dividend payout in the second quarter will depend more on their earnings impact from the current operating environment amid pre-emptive provisioning and net interest margin (NIM) headwinds.
THE sale price is about two-thirds of the property's US$650 million fair value as at Dec 31, 2019, according to OUE's latest annual report.
RAFFLES Education Corporation is set to take control of Langfang Hezhong Real Estate Development Co, after its subsidiary entered into a sale-and-purchase agreement to raise its stake by 35.9 per cent for some 254 million yuan (S$49.2 million) in cash.
The STI today
THE benchmark Straits Times Index ended the day barely unchanged at 2,618.48, down 5.19 points or 0.2 per cent.