Daily Debrief: What Happened Today
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Singapore non-oil exports jump by 16.1% in June on low base in previous year
NODX was boosted by specialised machinery exports and the typically volatile pharmaceutical segment; non-electronic shipments rose by 14.5 per cent overall, after a 9 per cent decline in May.
Singapore's tourism receipts down 39% in first quarter
STB said the decrease in tourism receipts was observed across the board and takings from the shopping component suffered the sharpest fall, as they were more than halved (52 per cent) to S$656 million.
Singapore banks' Q2 dividend unlikely shaken by regulator's capital review: CGS-CIMB
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INSTEAD, their dividend payout in the second quarter will depend more on their earnings impact from the current operating environment amid pre-emptive provisioning and net interest margin (NIM) headwinds.
OUE to sell iconic US Bank Tower for US$430m, below valuation
THE sale price is about two-thirds of the property's US$650 million fair value as at Dec 31, 2019, according to OUE's latest annual report.
Raffles Education to raise stake in Chinese property firm for 254m yuan
RAFFLES Education Corporation is set to take control of Langfang Hezhong Real Estate Development Co, after its subsidiary entered into a sale-and-purchase agreement to raise its stake by 35.9 per cent for some 254 million yuan (S$49.2 million) in cash.
The STI today
STI ends trading week at 2,618.48 after a dull, directionless session
THE benchmark Straits Times Index ended the day barely unchanged at 2,618.48, down 5.19 points or 0.2 per cent.
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