Daily Debrief: What Happened Today

Stories you might have missed

Singapore key exports surprise with larger-than-expected 14.7% drop in May

SINGAPORE’S non-oil domestic exports (NODX) were down a surprising 14.7 per cent in May, a steeper slide than April’s 9.8 per cent contraction, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Jun 16).

New fee benchmarks unlikely to hit private healthcare players; insurance premiums may rise: analysts

THE new and updated fee benchmarks for private healthcare services and procedures are unlikely to affect the business models of listed healthcare providers, said analysts.

When Boss/Dad/Mum learns to let go

NICHOLAS Jacob was once approached by a 94-year-old Hong Kong client to plan for succession as the client’s sons – 69 and 71 at the time – could not agree on how the business should be run.

SGX reprimands seven former Nutryfarm directors for breaching disclosure rules

SEVEN former directors of Nutryfarm International have been reprimanded by the Singapore Exchange Regulation (SGX RegCo) for failing to disclose material information in a timely manner, leading to declines in the company’s share price in 2021.

Jardine C&C and Carro enter strategic partnership for used cars and aftersales

MAINBOARD-LISTED Jardine Cycle & Carriage (C&C) and used-car tech platform Carro announced a strategic partnership worth “over US$60 million” on Friday (Jun 16).

Pacific Star Development to delist on Jun 19

CATALIST-LISTED property developer Pacific Star Development is set to delist on Monday (Jun 19), the company said in a bourse filing on Friday.

Corporate Earnings

• Top Glove shares tank in Singapore, Malaysia amid RM130.6m Q3 loss

The STI today

Singapore stocks end higher on Friday in line with region; STI up 0.5%

SINGAPORE stocks closed higher on Friday (Jun 16), marking a second consecutive winning week.