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Daily Debrief: What Happened Today
Factory output in Singapore picked up at its quickest pace in nearly two years in April, when it recorded a 2.9 per cent year-on-year increase.
Car buyers can take a bigger loan from Friday onwards.
The overall performance of unit trusts and investment-linked insurance products included under the Central Provident Fund Investment Scheme posted negative returns in the first quarter of this year amid market volatility, prompting an expert to urge caution.
The bourse is recruiting more participants to its bond trading venue since its launch in December, Tsai Li Renn, head of fixed-income trading, said in an interview.
Singapore and the Eurasian Economic Union will conduct a joint feasibility study on a free trade agreement between the two economies, the Ministry of Trade and Industry announced on Thursday.
From June 27, the A350 will initially be deployed on flights serving the Singapore-Johannesburg route on Mondays, Thursdays and Saturdays.
Brent crude passed US$50 a barrel for the first time in 2016 in Asia Thursday after data showed a fall in US crude inventories, adding to expectations of a tightening global market.
- Metro Q4 profit drops 84.8% to S$1.1m on lower sales, exchange differences
- Neo Group's FY16 profit falls 42.9% to S$4.2m
- IHH Healthcare's Q1 net profit up 37% to RM235.5m, against lower base in FY15
The STI Today
The Singapore market closed 0.24 per cent higher on Thursday, with the Straits Times Index gaining 6.65 points to 2,773.31 as the price of Brent crude surpassed US$50 a barrel for the first time in nearly seven months.