Daily Debrief: What Happened Today
Stories you might have missed
Singapore builders confronting maturity wall as home prices drop
Singapore's real-estate firms are facing record debt maturities, just as home sales post their longest-ever losing streak, straining the finances of builders less prepared to weather the storm.
Plum site at Central Boulevard triggered from reserve list
The Urban Redevelopment Authority (URA) will launch for public tender a plum site along Central Boulevard in the Marina Bay area after an unnamed party made a successful application for the site's release. The white site is on the Reserve List of the Government Land Sales programme for H2 2016.
Tax-deductible donations in 2015 up by more than 24% in Singapore
Tax-deductible donations in Singapore rose by more than 24 per cent to S$1.4 billion last year, according to the 2015 annual report by the office of the Commissioner of Charities (COC) released on Friday.
Hong Kong court rules against OCBC unit in mis-selling case
Hong Kong's High Court ruled against Oversea-Chinese Banking Corp's private bank in a mis-selling case, saying the unit and a relationship manager had breached their contractual duty towards an elderly couple who lost money on investments made with ING Asia Private Bank.
Noble Group sacrifices profit in pursuit of cash after loss
After posting a second-quarter net loss of US$54.9 million and an increase in net debt, the commodity trader said its priority is boosting cash flow ahead of earnings.
China Sky Chemical Fibre seeks trading halt on lawsuits against units
China Sky Chemical Fibre on Friday requested a suspension in the trading of its shares on Singapore Exchange (SGX) after China Construction Bank filed five lawsuits against two of its subsidiaries in Quanzhou, China.
Olympics: Joseph Schooling makes history by reaching men's 100m butterfly final
The 21-year-old swimmer became the first Singaporean man to make an Olympic swimming final on Thursday night (Brazil time).
Corporate Earnings
The STI Today
Singapore shares weaken on Friday but STI gains 1.4% over the week
Corporate earnings were the main focus this week, during which the Straits Times Index (STI) rose 40 points or 1.4 per cent to 2,867.40, including Friday's 2.42 point drop.
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International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year