Daily Debrief: What Happened Today

Stories you might have missed

Economists raise 2021 GDP forecast on better-than-expected Q1 data

SINGAPORE'S economy could perform better than initially expected this year, now that it has made marginal gains and defied expectations of a contraction in the first quarter, said economists.

Grab to give Anthony Tan 60.4% voting power; posted US$10.4b accumulated loss

MR Tan will own a 2.2 per cent stake in the company post-merger, comprising 162.9 million Class B ordinary shares and each Class B share is entitled to 45 votes.

Singapore dollar tipped to strengthen even as MAS waits to tighten monetary policy

SINGAPORE'S central bank has left the door open to policy normalisation at its next half-yearly review in October, as economic growth picks up.

Swiss private bank fined S$1m for breaching anti-money laundering, counter-terrorism financing rules

MAS said Bank J. Safra Sarasin committed "serious breaches" of these requirements, due to "material lapses" in its control processes during customer on-boarding and the bank's ongoing monitoring of business relations with customers.

The Atelier condo shelves public launch; caveats lodged for four units

BUKIT Sembawang Estates has put The Atelier's public launch on hold, and is now conducting only private viewings for the 120-unit project, The Business Times understands.

Substantial shareholder of Procurri to vote against Novo Tellus' partial offer

PROCURRI has received a letter dated April 13 from substantial shareholder DeClout indicating that the latter intends to vote against Novo Tellus' partial offer of 36.5 Singapore cents per share.

The STI today

Singapore stocks end Wednesday lower, STI down 0.3%

THE benchmark Straits Times Index (STI) fell 8.51 points or 0.3 per cent to 3,179.39 on Wednesday.