Daily Debrief: What Happened Today

Stories you might have missed

Optimism for next six months on the rise in Singapore's manufacturing, services sectors

ALL manufacturing clusters including transport engineering, general manufacturing, and chemicals expect favourable business conditions for the six-month period from April to September.

Hin Leong's OK Lim charged with 23 counts of forgery-related offences

HE was charged with 12 counts under Section 468 for forgery for the purpose of cheating, and 11 counts under Section 465 of the Penal Code for forgery.

Singapore bank lending points to 'green shoots' in recovery

LOANS through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - grew 0.7 per cent to S$691.23 billion in March, from S$686.73 billion in February.

Singapore's outlook brighter this year, global recession less protracted than initially feared: PM Lee

EXTERNAL trends support the Republic's economic recovery and justify confidence in its prospects, he noted in his May Day message to workers.

DBS Research says banks' office downsizing 'less than projected'

DBS Research estimates that the total return of space by major financial institutions is about 0.5 million square feet (sq ft), which is "manageable" for the office market.

Corporate earnings

• DBS sets pace for peers as record Q1 profit shrugs off Covid-19 pain
• Yangzijiang Shipbuilding posts 89% year-on-year jump in Q1 net profit
• FEHT Q1 net property income falls 8.4% on lower gross revenue
• Frasers Hospitality Trust's H1 2021 distribution down 45.5 per cent
• Micro-Mechanics Q3 net profit rises 7.9% to S$4.2m

The STI today

Chinese factory data, clampdown on Internet players sink Asia-Pacific markets

THE Straits Times Index was 3.31 points or 0.1 per cent lower to wrap up trading at 3,218.27 points.