Daily Debrief: What Happened Today

Proportion of profitable firms falls in 2016: MOM

The proportion of profitable firms declined from 79 per cent in 2015 to 76 per cent in 2016. As most of the firms had also put in place a wage system that gave the flexibility to adjust wages according to business conditions, wage increase continued to moderate.

MAS imposes financial penalties on Credit Suisse, UOB for 1MDB-related transactions

The Monetary Authority of Singapore (MAS) on Tuesday said that it has completed its two-year review of banks involved in 1Malaysia Development Berhad (1MDB) related transactions known to-date.

SIA introduces changes to PPS Club programme

Singapore Airlines (SIA) is introducing new benefits and rewards to its PPS Club programme from June 1 in response to feedback from programme members.

CapitaLand exceeds 2020 targets for carbon emissions and water intensity

Capitaland on Tuesday said that it has reduced its carbon emissions intensity and water intensity by 26.2 per cent and 21.8 per cent respectively, compared with 2008. This exceeds the group's 2020 reduction targets of 23 per cent and 20 per cent.

URA launches three residential sites for sale at Woodleigh, Serangoon, Yishun

The Urban Redevelopment Authority (URA) on Tuesday released three residential sites for sale under the H1 2017 government land sales (GLS) programme.

JTC launches Kranji and Tuas sites for sale

State industrial landlord JTC on Tuesday launched a confirmed list site at Jalan Lam Huat (Plot A) and a reserve list site at Tuas South Link 3 (Plot 25) for sale under the first half 2017 Industrial Government Land Sales (IGLS) programme.

What Noble Group has left in locker as it seeks to exit crisis

Noble Group Ltd is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an "incredibly difficult environment".

Corporate Earnings

The STI Today

Singapore stocks finish weaker, STI dragged lower by bank selling

Selling of the three banks on Tuesday left the Straits Times Index nursing a 9.76 points loss at 3,204.79 in thin trading of 1.1 billion units worth S$612.8 million.