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Daily Debrief: What Happened Today
Singapore condo resale prices edged up 0.6 per cent to a 12-month high in April over March, but volume of sales dipped by 1.7 per cent, according to flash data from real estate portal SRX Property on Tuesday.
OCBC Bank is embarking on a programme to train and develop digital skills in all its 29,000 employees globally in one of the largest digital transformation initiatives undertaken by a Singapore bank.
Against a backdrop of anti-globalisation rhetoric and trade tensions, like-minded nations must persevere with efforts to deepen economic connectivity and embrace free trade, Minister-in-charge of Trade Relations S Iswaran said on Tuesday morning.
CCRManager, a Singapore fintech that is tackling the secondary market in trade loans, has raised US$6.5 million in Series A funding from a group of investors led by veteran banker and ex-Temasek Holdings executive, Francis Rozario of Asia Capital and Advisors, it said on Tuesday.
Strong investor interest has led to the private placement of Keppel DC Reit's new units being oversubscribed. Manager Keppel DC Reit management announced on Tuesday that the private placement was subscribed by over two times and saw strong participation from new and existing institutional, accredited and other investors.
Singapore Media Exchange (SMX), a digital advertising marketplace that is the result of a tie-up between Singapore Press Holdings (SPH) and Mediacorp, is officially live as of today.
- Bumitama Agri Q1 earnings sink 16.8% to 231.77b rupiah
- SK Jewellery Group's Q1 net profit up 27.3%, revenue hits record S$48.6m
The STI Today
Local equities saw a glimmer of hope on Tuesday, with oil prices up on a potential return to sanctions on Iran. The Straits Times Index edged up by 10.31 points, or 0.29 per cent, to 3,543.17.