Daily Debrief: What Happened Today

Stories you might have missed

Singapore can bridge regional infrastructure’s bankability gap: Indranee

REGIONAL governments need to become more familiar with the concept of public-private partnerships for the next phase of their infrastructural developments, as private investors want to come in, said Second Minister for Finance Indranee Rajah on Friday (May 5).

Singapore retail sales up 4.5% in March, easing from February’s double-digit growth

SINGAPORE’s retail sales rose 4.5 per cent year on year in March, extending February’s growth, data from the Department of Statistics Singapore (SingStat) showed on Friday (May 5).

E-commerce 2.0: Shein and Temu fight for the global market

NEED some new pants? Here’s a pair with a design you’ll love – based on your past searches – for just US$10. Throw in another dollar and you could get those sunglasses everyone’s discussing on TikTok. There’s free shipping and a tonne of discount codes.

Olivia Lum slapped with three more charges; KPMG auditors issued orders over Hyflux’s financial statements

HYFLUX founder and former chief executive Olivia Lum Ooi Lin on Friday (May 5) afternoon was handed three additional charges – all over the discharge of her duties as a director.

Indirect stakeholder’s winding-up petition of no material impact: Dasin Retail Trust

THE trustee-manager of Dasin Retail Trust said on Thursday night (May 4) that the winding-up petition filed against Sino-Ocean Capital Holding – its indirect shareholder – has not materially affected the day-to-day operations of the trust.

Corporate Earnings

• Great Eastern Q1 total weighted new sales down 22% to S$390.9 million
• Aims Apac Reit H2 DPU up 11.3% to S$0.05244

The STI today

Singapore stocks slip lower as Asian markets trade mixed; STI down 0.1%

SINGAPORE stocks closed lower on Friday (May 5), tracking bearish sentiment overnight on Wall Street, even as regional markets traded mixed.