Daily Debrief: What Happened Today
Stories you might have missed
Singapore economy grows by 1.8% in Q1, largely within expectations
Headline growth for Singapore's economy in the first quarter of this year was largely within expectations with a 1.8 per cent year-on-year expansion, as manufacturing posted a better showing than predicted earlier while the services sector slipped.
SGX confirms exclusive talks with Baltic Exchange
The Singapore Exchange (SGX) confirmed that it has entered into exclusive discussions to buy maritime information provider Baltic Exchange in London.
China clears path for CMA CGM's merger with NOL
French container shipping group CMA CGM expects to announce soon a voluntary general cash offer for its proposed S$3.4 billion acquisition of Singapore-listed Neptune Orient Lines (NOL) after receiving the regulatory clearance from the Chinese government for the takeover bid.
Changi passenger traffic up 9.2% in April, driven partly by Northeast Asia, Southeast Asia
Traffic at Singapore's Changi Airport rose 9.2 per cent year on year in April as the airport handled 4.79 million passengers.
SingPost deputy chairman Goh who led integration efforts to resign from June 24
Singapore Post deputy chairman Goh Yeow Tin will resign from June 24, becoming the latest board member of the postal carrier to step down.
Jason suspends key executives over alleged improper transactions
Flooring specialist Jason Holdings has suspended chief executive Jason Sim and operations director New Sze Wei over allegations of improper transactions.
Corporate Earnings
The STI Today
Singapore shares close higher in line with Wall St, but off intraday highs
Wall Street's Tuesday rally helped push the Straits Times Index (STI) up 16.43 points to 2,766.66 on Wednesday, part of a region-wide bounce that saw the Hang Seng Index gain 2.7 per cent and the Nikkei 1.6 per cent.
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International
Thai power demand hits record as extreme heat prompts warnings
Philippines denies deal with China over disputed South China Sea shoal
‘Everyone sits out’: Yangon parks offer heatwave relief
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia