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Daily Debrief: What Happened Today

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Singapore's non-oil domestic exports fall 1.2% y-o-y in May

Singapore's non-oil domestic exports (NODX) decreased slightly by 1.2 per cent in May 2017 on a year-on-year basis, according to figures released by International Enterprise Singapore on Friday.

Lee Kuan Yew's final will was not drafted by Stamford Law: Lee Hsien Yang

Stamford Law Corporation did not draft Lee Kuan Yew's final will, the latter's younger son Lee Hsien Yang said on Friday in a bitter feud with his brother, Singapore's Prime Minister Lee Hsien Loong.

Hiap Hoe ventures into UK hospitality industry with hotel buy in Manchester

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Property company Hiap Hoe on Friday announced that it has, through subsidiaries, signed a sale and purchase agreement to buy Holiday Inn Express in Trafford City, Mercury Way, Manchester, from Topland (No. 18), Mill Lane Estates, and Marick Capital.

Malaysia's first lady linked to US$30m worth of jewellery bought with 1MDB funds

Nearly US$30 million of funds stolen from scandal-hit 1Malaysia Development Berhad (1MDB) was used to buy jewellery for the prime minister's wife, including a rare 22-carat pink diamond set in a necklace, according to the latest filings by the US Justice Department in a civil lawsuit.

Indosuez Wealth Management to buy CIC private banking business in Singapore, Hong Kong

Indosuez Wealth Management, the private banking arm of Credit Agricole, France's second-largest bank is in exclusive talks with Credit Industriel et Commercial (CIC) to buy its private banking business in Singapore and Hong Kong.

Vanke said in talks to join China Consortium in GLP bidding

China Vanke Co, a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd, people with knowledge of the matter said.

Hi-P unit to sink 22.8m yuan in coffee machine making business

A wholly owned subsidiary of mainboard-listed Hi-P International is investing 22.8 million yuan (S$4.63 million) into a joint venture (JV) company that will make coffee machines and provide packaging for coffee and beverages.

Corporate Earnings

The STI Today

Singapore stocks finish week on a flat note, STI down 0.7% for the five days

A fall in oil prices, an expected US interest rate hike and news that US President Donald Trump is under investigation for possible obstruction of justice were the main external events that impacted stock markets this week.

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