Daily Debrief: What Happened Today (May 20)

Stories you might have missed

Hard landing ahead for Singapore’s residential collective sale market

IT HAS been a tough time for Singapore’s residential en bloc sale market, with one unsuccessful attempt after another. Earlier this month, Pine Grove condominium found no takers at its S$1.95 billion asking price for the 99-year leasehold site, in its fifth bid at a collective sale.

AstraZeneca to build US$1.5 billion manufacturing plant in Singapore

ASTRAZENECA is planning to build a US$1.5 billion facility in Singapore to manufacture antibody drug conjugates (ADCs), or treatments that enable precision therapy for cancer.

Slow payments among local firms fall to 2-year low in Q1: SCCB

THE payment performance of local firms continued to improve for the third straight quarter, based on data from the Singapore Commercial Credit Bureau (SCCB) released on Monday (May 20).

Malaysia’s exports jump 9.1% in April, but remain below economists’ forecast

MALAYSIA’S exports grew 9.1 per cent year on year (yoy) in April to RM114.7 billion (S$33 billion) after two consecutive months of contraction, said the Department of Statistics Malaysia on Monday (May 20).

MAS issues 5-year prohibition order against ex-DBS representative for dishonest conduct

A FORMER representative of DBS was issued a five-year prohibition order by the Monetary Authority of Singapore (MAS) on Monday (May 20) for dishonest conduct.

Singapore stocks start week flat as market faces reality check

LOCAL shares kickstarted the week on a dour note, with the local benchmark index trading sideways as investors mulled over the possibility of interest rate cuts and other macroeconomic concerns.