Daily Debrief: What Happened Today

Stories you might have missed

CDL sees home sales drop 41% in Q1, expects market to firm up

CITY Developments Limited on Tuesday (May 24) posted a 41 per cent year-on-year drop in homes sold for the 3 months ended Mar 31, the first full quarter since cooling measures were implemented in December last year.

Enterprises must be the vanguard of innovation and growth: DPM Heng

WHILE the government can play a supportive role, ultimately, it must be enterprises that are the vanguard of innovation and growth, said Deputy Prime Minister Heng Swee Keat on Tuesday (May 24).

Third-party funding for litigation could improve investors’ ability to seek recourse

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ALLOWING third-party litigation funding for securities-related disputes would better equip investors to pursue claims against errant players and receive financial compensation, said lawyers and industry observers.

Asia-Pac dividends up further in Q1, but Singapore let down by Singtel

DIVIDEND payouts from the largest companies in Asia-Pacific have risen 8.1 per cent year-on-year to US$33.9 billion for the first quarter of 2022.

Takeover loophole disadvantages minority shareholders of TTJ Holdings

THE Securities Industry Council (SIC) needs to move urgently to close a gaping loophole that exists in our corporate takeover rules.

The STI today

Singapore stocks extend losses, STI down 0.58%

SINGAPORE stocks extended losses on Tuesday (May 24), in line with a regional retreat.