Daily Debrief: What Happened Today

Singapore developers' sentiment weakened further in Q4 2015: survey

Developers' sentiment weakened further in Q4 2015, according to the results of the NUS-Redas Real Estate Sentiment Index survey.

Singapore market bearish on credit quality of energy and commodity firms: Moody's

The Singapore and Hong Kong markets are most bearish on the credit quality of commodities and energy companies, credit rating agency Moody's said in a report on Monday.

S&P downgrades China Fishery to 'D' after it defaults on coupon payment

Standard & Poor's Ratings Services (S&P) on Monday said it has lowered its long-term corporate credit rating on Singapore-listed China Fishery to "D" (default) from "SD" (selective default).

Olam announces new COO, CFO

Olam International on Monday announced that A Shekhar, executive director - finance and business development for the group, has been promoted to the newly created position of executive director and group chief operating officer (ED and group COO) with effect from Feb 1, 2016.

OCBC opens new fintech and innovation unit

OCBC Bank is staking its claim on financial technology (fintech) territory with its new fintech and innovation unit called The Open Vault at OCBC.

China official manufacturing PMI eases to 49.4 in January, misses forecasts

Activity in China's manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday.

The STI Today

Singapore stocks close weaker after release of soft China numbers

Not surprisingly, the window-dressing push on Friday ran out of puff on Monday, leaving the Straits Times Index (STI) nursing a 26.7 points or one per cent loss at 2,602.41. Offshore and marine stocks came under renewed pressure, as did the three banks and Singtel. Volume fell from Friday's S$1.4 billion to one billion units worth S$1.07 billion and the advance-decline score excluding warrants was 183-203.