Daily Debrief: What Happened Today
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Union Power set to scoop up failed Sun Electric’s solar assets
SINGAPORE’S electricity retailer Union Power has submitted a “binding offer” to scoop up the solar assets of failed Sun Electric group for S$2.2 million, sources told The Business Times (BT).
Commercial shophouse sales in Q1 fall to lowest in nearly three years
COMMERCIAL shophouse sales in the first quarter of 2023 fell to 28 transactions– the lowest in quarterly sales volume in nearly three years, as investors turned cautious on high interest rates, said a PropNex report on Tuesday (Apr 25).
NTUC prioritises future-proofing workers, helping specific groups
ONE priority for the labour movement is securing the position of workers in the future economy, National Trades Union Congress (NTUC) president Mary Liew and secretary-general Ng Chee Meng said on Tuesday (Apr 25), as they also laid out measures to help groups such as platform workers and tradesmen.
THE Singapore Business Federation (SBF) is encouraging Singapore firms to attend a major state-backed trade fair in Shanghai later this year.
MAS proposes enhanced safeguards for prospecting, marketing financial products
THE Monetary Authority of Singapore (MAS) is proposing additional controls for the prospecting and marketing of financial products via physical and digital channels, according to consultation papers published on Tuesday (Apr 25).
MHA refutes reports of 3,500 high-net-worth individuals becoming Singapore citizens in 2023
THE Ministry of Home Affairs (MHA) has clarified that a statement on the number of high-net-worth individuals (HNWIs) expected to be granted Singapore Citizenship (SC) in 2023, which was reported in the news in recent days, was “highly misleading, with no credible basis”.
Corporate Earnings
- CLCT posts 1.6% dip in Q1 net property income to 339.1 million yuan
- First Reit’s Q1 DPU down 6.1% on higher financing costs, forex losses
- Parkway Life Reit Q1 DPU up 2.5% to S$0.0365
The STI today
Singapore stocks fall amid weak regional sentiment; STI down 0.8%
THE Straits Times Index (STI) fell 0.8 per cent, or 27.99 points, to 3,296.56 on Tuesday (Apr 25) amid weak market sentiment in the region.
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