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Daily Debrief: What Happened Today

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Average prime retail rents on Orchard Road fell for the sixth consecutive quarter in the second quarter of this year, CBRE Research said on Thursday.

Civil service internet lockdown necessary to safeguard government networks: PM Lee

The Singapore government has been the target of some "very sophisticated" cyber attacks over the years, both from within Singapore and abroad, said Prime Minister Lee Hsien Loong on Thursday.

Prime retail rents on Orchard Road fall for sixth straight quarter: CBRE

Prime Orchard Road rents stood at S$32.50 per square foot per month (psf/month), on average, in the second quarter, down 1.1 per cent from the first quarter of 2016.

HDB resale prices in May edge up 0.2% from April: SRX

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Resale prices of four-room flats fell, while that of three-room flats, five-room flats, and executive flats rose.

Olam acquires Alabama's largest peanut sheller for US$85m

Olam International on Thursday said it has acquired a 100 per cent interest in the largest Alabama-based sheller, Brooks Peanut Company, at its enterprise value of US$85 million.

A-Reit to sell logistics facility near Shanghai for S$26m

The manager of Ascendas Real Estate Investment Trust (A-Reit) on Thursday said the trust has agreed to sell A-Reit Jiashan Logistics Centre in China for S$26 million.

Hot stock: Otto Marine jumps on S$68m delisting offer

Shares of Otto Marine jumped on Thursday, after executive chairman and controlling shareholder Yaw Chee Siew proposed a voluntary delisting that valued the offshore and marine player at about S$68 million.

The STI Today

Singapore stocks close weaker as STI tracks Dow futures

The closure of Hong Kong for the Dragon Boat Festival on Thursday meant traders here were solely reliant on the Dow futures for direction. A fall in the latter meant the Straits Times Index lost 18.58 points at 2,843.80.

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