Daily Debrief: What Happened Today

Lower-income Singaporeans to receive GST vouchers

About 1.57 million eligible Singaporeans will be receiving notifications by mail or SMS on their GST vouchers and Medisave top-ups, said the Ministry of Finance in a press release.

Noble Group declines as Fitch sees 'real possibility' of default

Noble Group Ltd shares slid Tuesday on the first day of trading after Fitch Ratings cut the embattled commodities trader's credit rating to a score indicating that a default is possible.

Changi Airport passengers up 4.6% in May to 5 million

Singapore Changi Airport reported five million passenger movements in May, 4.6 per cent higher than in the same period last year, Changi Airport Group said a media release.

NetLink IPO to raise between S$2.3b and S$2.7b, biggest on Singapore Exchange

In what is probably the biggest listing on the Singapore Exchange, Singapore Telecommunications (Singtel) owned NetLink Trust will issue a public offer for around 2.9 billion units with an offer price ranging between 80 Singapore cents and 93 Singapore cents to raise between S$2.3 billion and S$2.7 billion. The public offer will open after 5pm on July 10 and will close at 12 noon on July 17. Trading will commence from 3pm on July 19.

Mortgage loan applications up 20% q-o-q in Q1 2017: Credit Bureau Singapore

Mortgage loan applications have seen a 20 per cent increase in the first quarter of 2017 from Q4 2016, Credit Bureau Singapore (CBS) has found in its second instalment of the Consumer Credit Index (CCI).

GIC said to confront complaints in sale of GLP

The litany of complaints about the biggest Asian buyout deal became so bad that Singapore's sovereign wealth fund decided to act.

Cityneon to buy 3rd IP by end of Q3; expects change of control to go through

Cityneon Holdings expects to acquire its third intellectual property by the end of the third quarter, and that the exit of its major shareholder will go through as planned, group chief executive Ron Tan said on Tuesday at the sidelines of an investors day organised by Singapore Exchange and DBS Bank.

Oxley prices another US$55m of bonds due 2021 at 6.375%

Developer Oxley Holdings has priced an upcoming series of US$55 million bonds due 2021 at 6.375 per cent.

The Ascott Limited closes seven new contracts to manage 1,300 China apartments

Property giant CapitaLand's serviced residence unit The Ascott Limited said that it has clinched seven new contracts to manage over 1,300 apartments across six cities in China.

The STI Today

Singapore stocks finish weaker despite STI's rise

As the first half of 2017 winds down to a close this Friday, the Straits Times Index (STI) on Tuesday rose 10.06 points to 3,219.53 in a relatively quiet but volatile session during which it closely tracked swings in the Dow futures. At 5pm, the latter stood just 18 points weaker after having lost about 50 points a few minutes earlier.