Daily Debrief: What Happened Today

Stories you might have missed

SPH to transfer media business to not-for-profit entity

SINGAPORE Press Holdings said on Thursday it will be transferring its media business to a not-for-profit entity, amidst the ongoing challenge of falling advertising revenue.

21 million-dollar HDB resale flats sold in April as overall prices rise for 10th straight month

THE Housing Board resale market remained robust in April as 21 million-dollar flats changed hands and overall resale prices rose for the 10th straight month.

95 cases of serious suspected side effects out of 2.2 million Covid-19 vaccine doses in Singapore

OUT of more than 2.2 million doses of Covid-19 vaccines administered in Singapore, 95 have been associated with serious suspected "adverse events" - or possible side effects - such as anaphylaxis, the Health Sciences Authority said in the first of a series of monthly updates on vaccine safety.

SGX RegCo to introduce AI, other tech solutions for oversight of listed issuers

SINGAPORE Exchange Regulation on Thursday announced it will be introducing the use of artificial intelligence and other regulatory technology solutions to enhance its oversight of listed issuers.

E-commerce startup founded by ex-Carousell, Fave executives launches with US$36m funding

RAINFOREST, an e-commerce brand aggregator headquartered in Singapore, is launching with US$36 million in seed financing to buy and grow Asia-based brands that sell on Amazon.

Corporate earnings

• UOB says keen to review Citi assets; Q1 profit up 18% on record fees, smaller impairment
• Frasers Logistics & Commercial Trust H1 DPU up 9.5% to 3.8 S cents post merger
• ARA H-Trust posts 6.5% rise in Q1 gross revenue to US$19.6m amid recovery
• SingPost's H2 net profit falls 55.7% to S$16.7m on pandemic-related costs

The STI today

Singapore shares snap losing streak to rise on Thursday; STI up 0.6%

SINGAPORE shares snapped a four-day losing streak on Thursday to close higher, in line with gains across most of the region.