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Singapore Wrap Thursday

Today's notable stories

SINGAPORE's headline inflation rate stayed negative for a fifth month running in March and core inflation eased, as food inflation was lower and accommodation and private road transport costs continued to fall.



OCBC opens Myanmar branch, sees growth in SME and mid-cap segment

OCBC expects to double its revenue from its regional business of its SME (small and medium enterprise) and mid-cap clients within three years, as it opened its first branch in Myanmar on Thursday, a senior executive said.

DBS's S$18m hongbao to employees came from senior managers' bonus pool: chairman

The S$18 million hongbao given to 18,000 DBS employees came from senior managers' bonus pool, said Peter Seah, chairman of DBS Group Holdings, on Thursday.

MPA pumps S$2.4b into new Tuas Terminal, more funds into green tech

The Maritime and Port Authority of Singapore (MPA) has inked a S$2.42 billion deal to develop the first phase of the upcoming Tuas Terminal, it said in a statement on Thursday.

Singapore: Market weakens despite STI's rise

A quiet session at Singapore Exchange on Thursday ended with the Straits Times Index (STI) 6.51 points firmer at 3,502.75 but with a weak broad market that recorded 195 rises versus 277 falls, excluding warrants.


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