Daily Debrief: What Happened Today

Singapore domestic wholesale trade slumps in Q1

Singapore's domestic wholesale trade shrank 22.6 per cent in January through March from the same period last year, with the decline led by petroleum and petroleum products.

Hot stock: Manulife US Reit makes debut on SGX mainboard

Manulife US real estate investment trust (Manulife US Reit) made its debut on Singapore Exchange's (SGX) mainboard on Friday, trading between US$0.77 and US$0.825 a unit.

Technics Oil & Gas files writ, injunction against Soilbuild Reit

Offshore solutions provider Technics Oil & Gas has hit back at its landlord, Soilbuild Business Space Reit, after the latter launched legal action against it over unpaid rent and other charges.

Fullerton Health unit buys Indonesian managed healthcare firm Medilum

An Indonesian subsidiary of managed healthcare provider Fullerton Health said on Friday it has acquired PT JLT GESA, or Medilum. No purchase price was stated.

UOL buys London property for £98.75m

The property, 110 High Holborn, is near London's Holborn tube stop near the West End, and consists of offices and retail space arranged over basement, ground floor and eight upper floors.

Keppel's offshore unit to form joint venture with Russia's Rosneft

Conglomerate Keppel Corp's offshore and marine unit signed a shareholders' agreement with Russian oil firm Rosneft and Norwegian drilling equipment firm, MHWirth, to set up a Singapore incorporated joint venture company.

The STI Today

Singapore shares close higher for the day and the week

Over the course of the week the Straits Times Index (STI) rose about 30 points or 1.1 per cent to 2,763.82, including Friday's 23.71-point bounce. In contrast to most of the past year when banks provided the main index plays, this week saw two other STI members enjoy heavy attention - Global Logistic Properties and Thai Beverage.