Daily Debrief: What Happened Today

Singapore headline inflation eases to 0.4% in April due to timing of S&CC rebates

Singapore's April headline inflation eased to 0.4 per cent year on year, down from 0.7 per cent in March - coming in a tad below expectations.

Wing Tai Holdings launches S$94m takeover bid for Malaysian-listed counterpart

Singapore-listed Wing Tai Holdings launched a RM290 million (S$94 million) takeover offer on Tuesday for its Malaysian-listed counterpart Wing Tai Malaysia Berhad (WTM) at RM1.80 cash per share.

Keppel Singmarine to build two dredgers valued at S$120m

A wholly-owned subsidiary of Keppel Offshore & Marine has won contracts to build up to two dredgers valued at about S$120 million.

Four frontier technology areas identified for development in Singapore

Singapore has identified four frontier technology focus areas to invest and build capabilities in that will develop a strong infocomm media foundation, according to Yaacob Ibrahim, Minister for Communications and Information.

Hot stock: Noble halts trading after tumbling on reports of Sinochem's withdrawal, S&P's warning

Noble Group has requested for an immediate halt in the trading of its shares after they tumbled when the stock market opened on Tuesday, a day after Reuters reported that China's state-owned Sinochem was no longer interested in investing in the commodity group due to concerns over its finances and business outlook.

Vallianz wins new charter contracts worth up to US$115m for 4 vessels

Vallianz Holdings said on Tuesday that it has secured long-term charter contracts valued at up to US$115 million for four vessels.

Hot stock: Serrano says unaware of reasons why share price up 210%

Interior-design contractor Serrano told the Singapore Exchange (SGX) that it was unaware of any reasons which could have led to its share price soaring 210 per cent on Tuesday.

Corporate Earnings

The STI Today

Singapore stocks finish mixed in moderate volume

Gains in DBS and OCBC banks helped the Straits Times Index rise 9.12 points to 3,222.69 on Tuesday, though the broad market was mixed with 224 rises versus 239 falls, excluding warrants. Turnover at 2 billion units worth S$1.1 billion was moderate by recent standards.