Daily Debrief: What Happened Today

Foreign banks chase China’s pot of gold despite geopolitical tensions

WHILE investors debate whether China is still investible, global financial institutions including DBS and OCBC in Singapore are expanding operations in the mainland, shrugging off the geopolitical tensions as short-term bumps for a lucrative future.

Singapore to restart work on Changi Airport T5 construction

SINGAPORE is restarting work on Changi Airport’s Terminal 5 (T5) in about 2 to 3 years for it to be ready by the mid-2030s, a move that reflects its growing confidence in earlier recovery of the aviation industry that has been pummelled by the pandemic.

Singapore’s export growth in coming months likely to be dragged down by China’s slowdown: economists

ALREADY, non-oil domestic exports (NODX) growth in April eased for the fifth straight month to 6.4 per cent year on year, according to data from Enterprise Singapore on Tuesday (May 17).

Singapore new private home sales flat in April, likely to climb in coming months

AMID a dearth of launches, developers sold 653 new private residential units, excluding executive condominiums (ECs), in Singapore this April.

Singapore visitor arrivals hit 294,300 in April in highest volume since Covid-19 pandemic began

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Daily Debrief: What Happened Today

INDONESIA overtook India as the biggest source of arrivals, sending 58,270 travellers in April, up from 13,620 in March. 

Amid crypto crash, some market players argue for less regulation but more clarity

RECENT troubles in the cryptocurrencies space might cause authorities to tighten laws, but some market players believe governments that over-regulate might be doing so at their own peril.

The STI today

Singapore stocks edge up amid regional rally; STI up 0.3%

THE Straits Times Index (STI) rose 0.3 per cent or 10.73 points to close at 3,201.89 on Tuesday (May 17), along with other major Asian indices.