Daily Debrief: What Happened Today

Stories you might have missed

Singapore Q1 GDP up by 3.7% but external demand outlook is weaker now: MTI

THE Singapore economy expanded by 3.7 per cent year on year in the first quarter of 2022, with uplift from the manufacturing, finance and insurance, and professional services.

More Singapore developers looking to hike condo launch prices

HOMEBUYERS have to brace themselves for higher prices as about 71 per cent of developers expect unit prices of new launches in the next 6 months to be moderately or substantially higher, the results of a poll revealed.

External headwinds weigh on Singapore’s export growth despite forecast upgrade: economists

DOWNSIDE risks are likely to continue weighing on Singapore’s export performance in the months ahead, even though the authorities on Wednesday (May 25) significantly upgraded their full-year trade forecast, said economists.

Robo-adviser Endowus receives Hong Kong licences, aims to launch in 2022

SINGAPORE-BASED robo-adviser Endowus has received the nod from the Securities and Futures Commission of Hong Kong (SFC) to offer its wealth management and advisory services in the territory, moving its expansion plans forward.

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Daily Debrief: What Happened Today

Indonesia-based digital investment app Bibit bags US$80m round led by GIC

INDONESIA-BASED digital investment app Bibit announced on Wednesday (May 25) that it has raised more than US$80 million in a round led by Singapore state investor GIC.

Corporate Earnings

• Japan Foods records 46.4% rise in H2 profit to S$4.9m
• Nordic Group reports 49% higher net profit in Q1 to S$5.2m

The STI today

Singapore stocks extend losses amid mixed Asia trading; STI down 0.5%

THE Straits Times Index (STI) retreated further into the red on Wednesday (May 25). Despite rising at the open, it ended down 0.5 per cent or 15.46 points at 3,179.58.