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Daily Debrief: What Happened Today
Housing loans in Singapore shrank for a third month in April, leading a continued contraction in consumer loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday.
United Overseas Bank Ltd's chief executive officer said he is comfortable going outside his family for a successor to run the lender his grandfather founded more than eight decades ago.
The Singapore FinTech Association (SFA) has launched a regtech sub-committee to promote the invention and adoption of technologies to overcome regulatory challenges in Singapore.
Deliveroo riders in Singapore can now get paid quicker, if they choose to do so, the food delivery company announced in a press statement on Friday.
Frasers Logistics & Industrial Trust (FLT) is selling the office and deck car park of an Australia mixed-use freehold property for A$5.4 million (S$5.2 million), which will complete the sale of the entire property.
Singapore Press Holdings (SPH) - which publishes The Business Times - has priced its S$150 million of subordinated perpetual notes at a distribution rate of 4.5 per cent to yield 261.2 basis points (bps) over the five-year swap offer rate.
Catalist-listed HC Surgical Specialists said on Friday that it is acquiring 25 per cent of general practitioner (GP) clinic operator Medistar Services for S$480,000, in a bid to expand its GP network.
- mm2 Asia posts 7.1% drop in Q4 earnings; DBS upgrades rating to ‘buy’ as value emerges
- KOP shrinks Q4 loss to S$418,000 on higher revenue from Indonesia luxury hotels
- Mary Chia narrows fiscal 2019 loss to S$2.7m
- Samurai 2K Aerosal's full-year profit down 10.8% on weaker sales
- Vallianz in the red with US$128.2m fiscal 2019 loss on non-cash impairment expenses
The STI Today
The adage of "sell in May and go away" certainly held up in 2019, and for good measure, investors were dealt another blow on Friday thanks to Washington's tariff threat on Mexico and disappointing Chinese manufacturing figures. Singapore's benchmark Straits Times Index (STI) closed at 3,117.76, down 25.24 points or 0.8 per cent.