Daily Debrief: What Happened Today
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Singapore Q1 GDP's upside surprise muted by Covid-19 resurgence, outlook to remain
A "wait-and-see" approach to Singapore's economic outlook appears to be the stance for both the Ministry of Trade and Industry (MTI) as well as private-sector economists, despite the surprisingly good showing from the first quarter.
Upgraded trade forecasts can't lift GDP outlook, as services drag on virus measures
MOMENTUM in Singapore's trade sector, which did better than expected in the first three months, is tipped to continue for the rest of the year on the back of demand for semiconductors.
Indonesian brands bank on BTS, Song Joong Ki, to win on home ground
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WITH BTS and Blackpink as brand ambassadors for the Indonesian giant Tokopedia, Southeast Asia's largest economy is looking to use the strong base of Korean-wave fans to rally support back home as part of a "glocalisation" strategy.
Grab to raise base fare by S$1 from June across most ride-hailing services
GRAB said the increase is being implemented in response to feedback from drivers and tripartite partners that Grab's transport fares have not kept up with drivers' rising costs of providing the service.
ST Telemedia unit forms JV with Temasek, Triputra to grow Indonesian data centre operations
THIS new data centre campus will support the development of multiple buildings and up to 72 megawatts of IT capacity.
Demand for decentralised offices as companies diversify outside CBD: Metro
GROUP chief executive officer Yip Hoong Mun said that there could be demand from tenants in the financial services sector as well as the logistics sector for its Grade A office towers at Tampines Regional Centre due to its location.
Corporate earnings
- Metro H2 net profit surges 50.5% to S$17m; revenue falls
- Japan Foods swings back to profitability in H2, proposes 1.75 S cents final dividend
- SingHaiyi sinks into the red with S$8.7m H2 net loss
The STI today
STI up 0.7% as upbeat macroeconomic data lifts investor sentiment
THE benchmark Straits Times Index rose 0.7 per cent or 22.48 points to finish the day at 3,146.09.
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