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Daily Debrief: What Happened Today
DBS Group Holdings reported on Tuesday that its net profit for the first quarter ended March 31, 2017 rose to a record S$1.21 billion, up 1 per cent from a year ago.
The Singapore Land Authority (SLA) on Tuesday said it would conduct the first-ever price and quality tender for the conserved state property at 26, 28, 30, 32 and 36 Orchard Road for commercial use.
Daren Tang, chief executive of the Intellectual Property Office of Singapore (IPOS), has been elected chairman of the World Intellectual Property Organisation (WIPO) Standing Comittee on Copyright and Related Rights (SCCR).
A record plane-buying spree is poised to land Singapore Airlines Ltd in an unfamiliar territory. South-east Asia's biggest carrier is expected to turn to a net-debt position as early as 2018 - for the first time in 13 years - as the company borrows money and sells bonds to meet capital expenditure needs, analysts say.
Asian high-yield debt outperformed Asian "high grade" bonds in the first quarter of 2017, the Asia Securities Industry and Financial Markets Association and the Securities Industry and Financial Markets Association said in a joint report on Tuesday.
The STI Today
A rush into the banks on Tuesday helped propel the Straits Times Index 35.67 points or 1.1 per cent up to a 21-month high of 3,211.11. The broad market however, was weak with 208 rises versus 280 falls, although turnover was a robust 2.4 billion units worth S$1.5 billion.