Daily Debrief: What Happened Today
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Singapore services receipts up 13.2% in Q1
SINGAPORE’S services industries saw business receipts rise 13.2 per cent year on year for the first quarter, according to the Department of Statistics (Singstat) on Friday (May 27).
As KL probes poultry cartels, Malaysia firms are feeling the pain too
MALAYSIA will begin a suspension on chicken exports from June 1, a move that affects scores of countries including neighbouring Singapore.
2,500 prime BTO flats launched; 3 and 4-room units priced from S$369,000-S$737,000
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THE Housing and Development Board (HDB) launched 4,583 Build-To-Order (BTO) flats on Friday (May 27) across 5 projects, including 1 each in Bukit Merah and Queenstown under the Prime Location Public Housing (PLH) model.
Profits before IPO, says founder of co-working unicorn JustCo
ASIAN co-working operator JustCo explored going public in the US last year through merging with a blank-cheque company. But with markets now plunged into turmoil, perhaps it was just as well that a deal did not happen.
JTC to link startups to corporates, including Sea and Grab
JTC, the government agency driving sustainable industrial development, has launched an initiative to bridge the gap between corporates and the over 700 startups in JTC estates.
Corporate Earnings
- Singtel H2 net profit rises to S$994.5m; proposes final dividend of S$0.048
- Metro H2 profit drops 68.4% to S$5.4m
The STI today
STI up 0.7% amid regional rally
SINGAPORE stocks edged up amid a regional rally on Friday (May 27), with the Straits Times Index (STI) up 0.7 per cent or 21.37 points to 3,230.55.
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