Daily Debrief: What Happened Today (May 14)

Stories you might have missed

‘We are prepared to relook everything’: Lawrence Wong on new leadership’s approach

SINGAPORE’S new leaders are “prepared to relook everything” and refresh policy approaches if necessary, said Deputy Prime Minister Lawrence Wong in an interview with local media, shortly before he becomes prime minister on May 15.

Cordlife shareholders vote to remove three directors including acting chair Ho Choon Hou from board

SHAREHOLDERS of embattled private cord-blood bank Cordlife Group voted to remove several directors from its board at the company’s annual general meeting on Tuesday (May 14). 

Singapore life insurance sales up 32.2% to S$1.4 billion in Q1

SINGAPORE’S life insurance industry recorded nearly S$1.4 billion in weighted new business premiums for the first quarter of 2024, representing a 32.2 per cent year-on-year increase to mark the sector’s strongest Q1 performance since the Covid-19 pandemic.

CDL acquires Hilton Paris Opera Hotel from Blackstone funds for 240 million euros

CITY Developments Limited has acquired Hilton Paris Opera Hotel from funds managed by Blackstone for 240 million euros (S$350.2 million), it said on Tuesday.

ESR attempts to suspend Sabana Reit’s May 24 EGM

ESR Group, the sponsor of Sabana Industrial Real Estate Investment Trust, has filed an application to the High Court of Singapore to hold the Reit’s May 24 extraordinary general meeting in abeyance, meaning to impose a temporary suspension of the meeting until some issues are cleared up.

Vang Shuiming sentenced to 13 months, six weeks’ jail

VANG Shuiming, one of the 10 individuals embroiled in Singapore’s largest money laundering case, was on Tuesday sentenced to 13 months and six weeks’ jail on charges of money laundering and forgery.

STI up 0.3% amid a mixed regional showing

SINGAPORE’S Straits Times Index was 0.3 per cent or 9.69 points higher at 3,313.35 on Tuesday, against a mixed bag from regional bourses as market participants traded with caution before the United States’ release of its inflation figures mid-week.