Daily Debrief: What Happened Today

Stories you might have missed

Asean must at least double infrastructure fund sourcing: ADB

ASEAN governments should aim for every public dollar funded for infrastructure development to translate to an “early double-digit” amount in financing mobilised from the private and institutional sectors, said the Asian Development Bank (ADB) in a new report.

MAS, US Treasury conduct cross-border cybersecurity exercise

THE Monetary Authority of Singapore (MAS) and the US Treasury have explored opportunities to deepen cybersecurity cooperation, following a cross-border cybersecurity exercise from Apr 25 to Apr 27.

Singapore Savings Bond interest rate curve flattens further; 10-year average return at 2.82%

THE interest rate curve on the latest tranche of the Singapore Savings Bond (SSB) has flattened further.

Hin Leong’s ex-employee agrees OK Lim was ‘boss’ who would take responsibility if things went wrong

A LONG-TIME former employee of Hin Leong Trading (HLT) agreed with the defence counsel of Lim Oon Kuin that the fallen oil tycoon was the “kind of boss who would take responsibility for anything that went wrong in the company, even if he was not the one involved”. But she added that that was no longer the case.

OCBC, RHB enter into sustainability-linked loan and swap transactions

SINGAPORE’S OCBC Bank and Malaysia’s RHB Banking Group have entered into two sustainability-linked solutions that will boost RHB’s efforts to integrate sustainability into its operations and add to OCBC’s sustainable financing portfolio.

Corporate Earnings

• DBS posts 43% rise in Q1 profit to record S$2.6 billion

The STI today

Singapore stocks track regional gains on Tuesday; STI up 0.4%

SINGAPORE stocks ended higher on Tuesday (May 2), tracking gains across the region as traders returned after the long weekend.