Daily Debrief: What Happened Today

Stories you might have missed

Zero-commission trades do not mean free trades in many cases

THEIR advertisements tout free shares and zero-comission trades, but online brokerages such as Tiger Brokers and moomoo can be expensive – as one customer recently found out.

Singapore draws 20 proposals on low-carbon electricity imports from region

SINGAPORE has received 20 proposals involving the import of low carbon electricity from solar, wind, hydro to geothermal power from 4 South-east Asian nations - Indonesia, Laos, Malaysia and Thailand - following an initial request for proposal (RFP) by the energy regulator.

Office lunches may not prove much costlier as low demand caps CBD food prices

AS THE office crowd returns to the central business district (CBD) amid loosened Covid-19 curbs, one might expect workers to face higher lunch costs than when they were working from home – but that is not necessarily the case, say office workers to whom The Business Times spoke.

Golden Mile Complex sold to Far East, Perennial, Sino Land for S$700m

CONSERVATION landmark Golden Mile Complex has been sold to a consortium comprising Far East Organization, Perennial Holdings and Sino Land for S$700 million, sole marketing agent Edmund Tie announced on Friday (May 6).

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Daily Debrief: What Happened Today

SIA Engineering sees strong recovery, but requires substantially more activities to be operationally profitable

SIA Engineering Company may have experienced the strongest recovery in flights handled in April, but the maintenance, repair and overhaul service provider would require the volume of activities to be substantially more before it can break even operationally.

Corporate Earnings

• FLCT raises H1 DPU by 1.3% to S$0.0385 on contributions from FY2021 acquisitions

The STI today

Singapore stocks tumble 1.6% as global headwinds dent sentiment

SINGAPORE shares had little to no chance for an upside on Friday as worries ratcheted up over a slowing China, the Russia-Ukraine war, inflation shock, rising rates, as well as talk of a potential recession in Europe.