Daily Debrief: What Happened Today
Stories you might have missed
Hyflux granted a one-month extension of its debt moratorium to May 24
HYFLUX had asked for three months but the judge said that the moratorium under section 211B is meant to give a company "breathing space" and not for it to "continue indefinitely".
Corruption cases up slightly in 2018; private sector still dominates: CPIB
THE number of cases probed by the Corrupt Practices Investigation Bureau (CPIB) inched up last year after hitting an all-time low in 2017, according to its freshly released statistics on Thursday.
Shaving milliseconds off currency trades could make Singapore billions
SINGAPORE is encouraging major foreign-exchange players to build systems in the country that would remove the sub-second delay caused by routing trades via Tokyo or London.
Rents, prices of Singapore industrial space stable in Q1: JTC
THE price index was down 0.1 per cent, while the rental index was flat. Compared with a year ago, the price index was unchanged while the rental index eased 0.2 per cent.
Grab takes strategic stake in Ninja Van
AS part of the strategic partnership, Grab will also integrate Ninja Van's services into its mobile app via GrabExpress, Grab's on-demand parcel and courier delivery service, from the second quarter of 2019, and will be rolled out in phases across the region.
Corporate earnings
The STI today
Singapore shares drop 0.4%, weighed by global growth concerns
THE Straits Times Index (STI) closed down 0.36 per cent or 12.15 points to 3,350.28.
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International
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
More UK companies plan price rises but wage expectations cool: Lloyds
Campaigning EU chief von der Leyen defends record during debate