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Daily Debrief: What Happened Today
Singapore govt to tender new plots of farmland with longer 20-year leases
THE Singapore government will tender out new plots of farmland with longer leases of 20 years, instead of the 10 years announced previously, for productive and high-tech farming.
Singapore condo resale prices unchanged in April: SRX Property
RESALE prices of non-landed private homes in Singapore were flat in April compared to March 2017, flash estimates from SRX Property show.
Chinese property buyers lead foreign investors in Australia
Australia approved foreign investments worth almost a third more in fiscal 2016 than the previous year, as more Chinese buyers piled into the already red-hot residential property market, government data published on Tuesday showed.
Credit Suisse said to plan cutting 35 Asia equities jobs by June
Credit Suisse Group AG is cutting as many as 35 positions at its equities business in Asia after the unit's revenue slumped, a person with knowledge of the matter said.
Western shoppers are fuelling a bounce in made-in-Asia goods
Asia's export engines are motoring again. Buoyed by US and European demand, shipments of everything from South Korean cars to Indian t-shirts have pushed exports from Asia to their highest levels to multi-year highs.
- Magnus Energy sinks deeper into the red in Q3
- Debao Property's Q1 profit triples to 108.3m yuan
- Top Global swings into the black in Q1
- Oxley prices US$100m four-year notes with 6.375% interest
- OCBC posts 14% growth in Q1 net profit
The STI Today
Singapore stocks close mixed despite banks driving STI higher
THE three banks have been pivotal in sending the Straits Times Index (STI) upwards over the past year or so, and it was again the case on Tuesday that gains in all three that came after OCBC released better-than-expected figures helped the index rise 12.99 points to 3,249.97.