Daily Debrief: What Happened Today

Stories you might have missed

Singapore private homes the most expensive to own and rent in Asia-Pacific: report

SINGAPORE’S private residential property is now the most expensive in the Asia-Pacific, overtaking Hong Kong in 2022, according to a report released by the Urban Land Institute (ULI) on Tuesday (May 30).

MAS to launch consultation on inclusion of coal phase-out criteria in Singapore’s taxonomy

THE Monetary Authority of Singapore (MAS) will be including specific criteria on the managed phase-out of coal-fired power plants in the Singapore taxonomy, and will be launching a consultation on its draft proposals within the next few weeks, said Gillian Tan, chief sustainability officer of the central bank.

WongPartnership in talks with over 40 Credit Suisse AT1 bondholders to launch new suit

LAW firm WongPartnership is in talks with more than 40 holders of Credit Suisse Additional Tier-1 (AT1) bonds, to represent them in a collective action against the Swiss government.

Olam Agri faces IPO setback due to delay in obtaining approvals

OLAM Group’s proposed initial public offering (IPO) of its agribusiness unit is no longer expected to be completed by H1 of 2023 or ahead of the summer holiday period, as originally planned.

Depository receipts for CP All, Airports of Thailand, PTT E&P debut slightly higher on SGX

THREE of Thailand’s blue-chip names began trading on the Singapore Exchange (SGX) as Singapore depository receipts (SDRs) on Tuesday (May 30), allowing investors to trade via beneficial interest and participate in the Thai economy.

Condo resale volumes fall 17.9% in April, while prices rise 1.2%: SRX, 99.co

RESALE volumes of private condominiums fell in April while prices rose, according to flash estimates from SRX and 99.co released on Tuesday (May 30).

Corporate Earnings

• Valuetronics H2 profit up 14.4% to HK$65.1 million; proposes HK$0.06 special dividend
• GP Industries H2 net profit down 91% to S$2.2 million

The STI today

Singapore stocks end lower as investors tread with caution

LOCAL shares finished the trading day largely unchanged as investors cautiously sought out opportunities in the market, with a close watch on developments relating to the US debt ceiling matter, as well as the likely effects of the impending deal.