Daily Debrief: What Happened Today

Barclays purchase to boost OCBC's exposure to UHNW market

OCBC chairman Ooi Sang Kuang said on Friday the bank's purchase of Barclays' wealth management business in Singapore and Hong Kong would lift the OCBC's exposure to the ultra high net worth (UHNW) client segment.

HDB resale prices slip 0.1% in Q1 as transactions fall

HDB resale prices fell by 0.1 per cent on a quarter-on-quarter basis in the first quarter of 2016, while resale transactions slumped 10.9 per cent from 4,992 cases in the fourth quarter of 2015 to 4,449 cases in Q1 2016.

Singapore private-home prices down 0.7%, rentals fall 1.3% in Q1

Prices of private residential properties in Singapore decreased by 0.7 per cent quarter on quarter in the first quarter of 2016, after easing 0.5 per cent in Q4 last year, the Urban Redevelopment Authority (URA) said in a release on Friday morning.

URA's office rental, price indices ease in Q1; vacancy also down

The Urban Redevelopment Authority's (URA) index for office rentals in Singapore eased 2.1 per cent quarter on quarter in the first quarter of this year, a bigger drop compared with the 1.8 per cent decline in Q4 of last year.

Prices of retail space, rentals in Singapore down 1.9% in Q1 as vacancies creep up: URA

Prices of retail space in Singapore continued to fall by 1.9 per cent in the first quarter of 2016, after declining 0.1 per cent in the previous quarter.

SPHMBO ties up with Paragon to boost presence in Orchard

SPHMBO, the out-of-home media arm of Singapore Press Holdings (SPH), has tied up with upscale shopping mall Paragon to increase its presence in the heart of Orchard Road.

Changi airport top self-connection point in Asia: Skyscanner

Global travel-search engine Skyscanner said Singapore's Changi Airport is the most popular airport for travellers choosing to self-connect in Asia, trumping Bangkok's Suvarnabhumi Airport and Hong Kong International Airport.

Corporate Earnings

The STI Today

Singapore shares close lower on Friday

An unanticipated drop on Wall Street on Thursday brought a halt to the Straits Times Index's upward march with the index losing 20.35 points at 2,940.43 on Friday after three consecutive rises.