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Daily Debrief: What happened today
Hyflux said late on Thursday night that subsidiary Tuaspring has received a letter of demand from Maybank dated April 23 over payments the bank said was "immediately due and payable".
Singapore factory output went back into negative territory in March, dashing hopes of a recovery for the lacklustre manufacturing sector. Industrial production sank 4.8 per cent in March from a year ago, coming in below economist expectations of a 4.6 per cent decline.
Singapore could raise some industries’ sluggish productivity by exporting more services, the central bank has suggested, in a half-yearly economic review issued on Friday.
Mainboard-listed First Sponsor’s wholly owned subsidiaries have on April 25 entered into a definitive conditional sale and purchase agreement (SPA) to buy a mixed use development site in China’s Guangdong province, at a preliminary price of 404 million yuan (S$81.6 million).
The ComfortDelGro group has appointed three new female directors to its three listed boards, bringing its female board representation to 30 per cent. Jessica Cheam, Chua Mui Hoong and Tan Poh Hong are the additions to the boards of ComfortDelGro, SBS Transit and Vicom respectively.
The indicative offer price for an upcoming ARA US Hospitality Trust initial public offering (IPO) is set at US$0.88 per unit, according to a term sheet seen by The Business Times.
- Jardine C&C Q1 net profit more than doubles on investment gains
- Mapletree Logistics Trust posts 4.5% rise in Q4 DPU
- Nico Steel posts US$243,000 FY2019 profit; applies for extension to exit financial watch list
The STI Today
Singapore's Straits Times Index (STI) managed to close in positive territory on Friday during a mixed session of trading in Asia.