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Daily Debrief: What Happened Today
Singapore firms posted a slight deterioration in operating conditions in April, with the headline Nikkei Singapore purchasing managers' index (PMI) falling to 49.4 from March's 52.0.
MyInfo, a consent-based platform that seeks to make e-Government transactions - such as applications for public housing flats, the Baby Bonus scheme or polytechnic admissions - faster and easier for citizens, was officially launched on Thursday.
The first certificate of entitlement (COE) bidding exercise for May ended mixed, with passenger car premiums rising but the other categories falling.
Singapore prosecutors slapped three new charges on former BSI wealth manager Yeo Jiawei who was described as having "schemed directly with those responsible for this complex web of criminal transactions and activities" in court on Thursday.
Singapore state investment company Temasek Holdings is throwing its weight behind a diamond exchange that began trading in the city-state on Thursday, backing the project through venture-capital unit Vertex Venture Holdings.
PayPal is launching a nine-month incubation programme in Singapore, targeted at financial technology and technology start-ups.
HLH Group has clarified that erroneous information was posted on the SGX StockFacts portal in February which claimed that the group has cancelled its acquisition of a land parcel in Cambodia.
- CityDev's M&C posts weaker Q1 net profit due to challenging hospitality markets
- StarHub's Q1 profit up almost 26%, revenue down 4.4%
- A-Reit's Q4 DPU fell 8.1 % to 3.41 Singapore cents on S$9m performance fees
The STI Today
For the ninth straight session, the Straits Times Index (STI) on Thursday opened in the red, at its intraday low losing 24 points at 2,749. A firm opening for Europe and a 90-point rise in the Dow futures prompted a scramble that elevated the index to almost its opening level but it was unable to cross into the black, resulting in a net loss of 5.26 points at 2,767.81.