Daily Debrief: What Happened Today

MAS Monetary Policy Decision

MAS eases monetary policy, flattens S$ policy band

Singapore's central bank surprised on Thursday morning with another easing stroke, moving to a neutral policy stance of zero per cent appreciation of the S$NEER (Singapore dollar nominal effective exchange rate) band.

Singapore Q1 GDP growth at 1.8% year on year, beats estimates

The Singapore economy beat estimates to grow by 1.8 per cent year-on-year in the first quarter ended March 31, 2016, unchanged from the previous quarter.

Perennial Real Estate seeks to wind up Capitol entities over deadlock with Pontiac Land

Perennial Real Estate Holdings has filed applications for the Singapore High Court to wind up three associated companies related to its integrated development, Capitol Singapore at City Hall, due to a deadlock with its partner.

Noble Group CEO says markets 'difficult' as debt deal sought

Noble Group Ltd chief executive officer Yusuf Alireza said that the commodities markets remain difficult as he presses on with efforts to refinance the trader's debt.

Singapore Air low-yield 'bugbear' to gain from weaker currency

Singapore Airlines Ltd, Asia's second-largest international carrier, will benefit from the decision by the city-state's central bank to lower the local currency's appreciation slope as a cheaper Singapore dollar will support inbound tourist arrivals, Morgan Stanley said.

Olam secures US$650m revolving credit facility

Olam International has secured a revolving credit facility aggregating US$650 million. This consists of two tranches of US$325 million each, a 364-day revolving credit facility and a two-year revolving credit facility.

Singapore PUB calls tender to build fourth desalination plant in Marina East

PUB, Singapore's national water agency, will be calling a tender on Friday for the construction of Singapore's fourth desalination plant to be built at Marina East.

Corporate Earnings

The STI Today

Singapore shares close marginally weak despite STI rising for 3rd day

The Straits Times Index on Thursday managed to advance further into the black for 2016 when it rose 23.52 points to 2,913.93, thus bringing its gain for the year to date to 32 points or 1.1 per cent.