Daily Debrief: What Happened Today

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Grab-Singtel and Sea Group consortia win Malaysia digital bank licences

TWO Singapore-based consortia are among one of the 5 winners that bagged Malaysia’s digital bank licences.

Singapore manufacturing sentiment weakens as rising costs cloud 6-month outlook

SINGAPORE manufacturing sentiment has slumped as rising costs fuel caution, despite the global improvement in the Covid-19 pandemic situation, official polls showed on Friday (Apr 29).

LHN Logistics ends Catalist debut at S$0.185; 7.5% below IPO price

THE logistics arm of LHN Limited, LHN Logistics, made its trading debut on the Singapore Exchange’s Catalist board on Friday (Apr 29) 2.5 per cent or S$0.005 above its initial public offering (IPO) price of S$0.20.

Ex-Singtel CEO Chua Sock Koong to join Ayala board

FORMER Singapore Telecommunications (Singtel) chief executive Chua Sock Koong has joined Ayala Corporation’s board of directors following an election at the Philippine conglomerate’s annual stockholders meeting on Friday (Apr 29).

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Daily Debrief: What Happened Today

ComfortDelGro's shareholders reject Deloitte as auditor

THE shareholders of ComfortDelGro have rejected its auditors after a majority did not vote for their re-appointment during the transport operator's annual general meeting (AGM) on Friday (Apr 29), an outcome that disappointed the company's board.

Corporate Earnings

• DBS Q1 profit down 10% to S$1.8b; CEO expects 'significant' upside from impending rate hikes
• UOB Q1 net profit falls 10% to S$906m; CFO sees improvements ahead
• OCBC flags volatile investing climate as headwind; Q1 earnings dip 10% on lower wealth management, trading income
• CDL Hospitality Trusts' net property income jumps 22.5% in Q1
• Micro-Mechanics Q3 net profit up 5.8% to S$4.4m on double-digit sales

The STI today

Singapore shares up 0.65%, led by OCBC and DBS gains

WITH 2 of the 3 banking heavyweights each notching over 3 per cent rise in their Friday (Apr 29) share price and as bullishness prevailed in the regional bourses, Singapore’s blue-chip benchmark Straits Times Index (STI) - which has over 40 per cent weightage from the banking trio - ended the day up 21.81 points or 0.65 per cent to 3,356.90 points.