Daily Debrief: What Happened Today
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Singapore banks post robust Q1 results, but NIMs look to have peaked
ALL three banks’ chief executives said they will remain prudent ahead of rising credit quality risks.
Invoice financing platform Capital Match to liquidate after years of controversy
THE company was put on the Monetary Authority of Singapore’s (MAS) investor alert list in March last year, after a report by Tech in Asia said Capital Match misled investors into taking on more risk than they signed up for.
Gold rush: MAS leads central banks in precious metal buys in Q1
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A RECENT report by Gold Hub, part of the World Gold Council said gold reserves at MAS now total 222 tonnes – a 45 per cent increase from end-2022.
Latest 6-month Singapore T-bill offers 3.78% cut-off yield
DEMAND inched up from the previous auction – the latest tranche was 2.4 times subscribed, and received S$12 billion in applications for the S$5 billion on offer.
Manulife US Reit’s occupancy falls to 86.1% as top tenant gives up a quarter of leased space
ALSO known as Carter’s, the children’s apparel maker downsized its headquarters located in the building by 69,000 square feet (sq ft), the real estate investment trust (Reit) manager said.
Corporate Earnings
The STI today
Singapore stocks end lower on Thursday despite Wall Street gains
THE Straits Times Index (STI) fell 0.4 per cent or 12.74 points to 3,229.55. Losers outnumbered gainers 287 to 246, after 1.5 billion securities worth S$1 billion changed hands.
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