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Daily Debrief: What Happened Today

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Oakwood Olympic & Olive, opened on 18 April 2017, is the first property added to Oakwood Worldwide’s portfolio since Mapletree acquired the company in February 2017. PHOTO: MAPLETREE INVESTMENTS

Mapletree delivers record net profit for FY2017

Mapletree Investments said on Wednesday that it has delivered a record net profit of S$1.4 billion for the fiscal year ended March 31, 2017, up 46.5 per cent from a year ago due to strong recurring earnings, investment and other gains.

Moody's changes outlook for Singapore banks from negative to stable

Moody's Investors Service has changed its outlook for Singapore's banking system to stable from negative.

Market voices on:

Broker's take: Noble Group likely able to refinance its borrowings

Noble Group will be able to refinance its upcoming borrowing base facility in June, DBS analyst Mervin Song believes, contrary to the view of others.

Ravi Menon re-appointed managing director of MAS for two years

The Monetary Authority of Singapore (MAS) on Wednesday announced that managing director Ravi Menon has been re-appointed as a member of the board of directors and as managing director for a further term of two years.

NKF names new CEO

The National Kidney Foundation (NKF) on Wednesday announced the appointment of Tim Oei, 58, as chief executive officer with effect from Sept 4.

SGX inks MOI with IMDA to help accredited firms access capital markets

Singapore Exchange (SGX) and Infocomm Media Development Authority (IMDA) on Wednesday signed a memorandum of intent (MOI) to streamline the pathway for fast-growing IMDA-accredited companies to leverage private and public capital markets in Singapore for expansion.

Ascott Reit buys Manhattan hotel for US$106m

Ascott Residence Trust (Ascott Reit) on Wednesday said that it is acquiring the 224-unit DoubleTree by Hilton Hotel New York - Times Square South for US$106 million.

The STI Today

Singapore shares close six points higher

Shares at the Singapore bourse ended the last trading day of May higher, with the key Straits Times Index up 6.03 points at 3,210.82.