Daily Debrief: What Happened Today (May 15)

Stories you might have missed

Seatrium, CDL, Jardine C&C among stocks battered after MSCI index exclusion

FIVE index counters were all trading lower as at the midday break on Wednesday (May 15), after they were named as constituents to be removed from the MSCI Singapore Index, based on results from the index’s quarterly review released the same day.

Developers sell 301 new homes in April, down 58%, on fewer launches

DEVELOPERS in Singapore chalked up 301 new private home sales in April, 58.1 per cent lower than March’s take-up as fewer new units were launched in the month, official data showed.

Indonesian farmers harness tech to shield crops from El Nino’s wrath

AS EL Nino threatens to dry out Indonesia’s abundant harvest season, disrupting planting and diminishing yields, the country’s smallholder farmers have found a beacon of hope – they are arming themselves with the necessary tech tools to mitigate the drought’s impact.

Golden Agri Q1 profit falls 60% to US$37 million on weaker crude palm oil prices

GOLDEN Agri-Resources’ net profit for the first quarter ended March stood at US$37 million, down 60 per cent on the year amid continued weakness of crude palm oil prices during the period.

STI dips 0.7% as index stocks are hit by MSCI impending exclusion

SINGAPORE’S Straits Times Index (STI) was one of the worst-performing gauges in the region on Wednesday after five index stocks are set to exit the MSCI Singapore Index.