Daily Debrief: What Happened Today

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HDB resale prices continue upward trend in April as sales volumes flatten: SRX, 99.co

RESALE prices of Housing and Development Board (HDB) flats continued to rise for the 22nd straight month in April, while volumes inched up from the month before, according to flash estimates from property portal SRX and 99.co released on Thursday (May 5).

Singapore retail sales up 8.7% in March, reversing February’s decline

SINGAPORE'S retail sales rose 8.7 per cent year on year in March, reversing the previous month's decrease of 3.5 per cent.

Inflation gains keeping South-east Asia central bankers on edge

CONSUMER prices picked up at the fastest pace in 3 years in the Philippines and moderated only slightly in Thailand in April, complicating central bankers' efforts to keep post-Covid recoveries on track.

ThaiBev resumes proposed spin-off, listing of 20% of BeerCo unit on SGX

THAI Beverage (ThaiBev) is resuming the proposed spin-off and listing of its brewery unit BeerCo on the Singapore Exchange (SGX), which it had deferred due to the Covid-19 pandemic.

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Daily Debrief: What Happened Today

China's services activity falls at second sharpest rate on record: Caixin PMI

CHINA'S services sector activity contracted at the second-steepest rate on record in April, as Covid curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed on Thursday (May 5).

The STI today

Singapore shares fall 0.17% as index loses steam on post-FOMC rally

SINGAPORE shares finished the day lower on Thursday (May 5), after beginning the trading session on an upbeat note following the policy statement of the US Federal Open Market Committee (FOMC), which ruled out a jumbo 75 basis point rate hike in the coming meetings.