Daily Debrief: What Happened Today

Stories you might have missed

OCBC sees improved outlook on asset quality; Q4 earnings beat expectations

SINGAPORE'S second-largest lender OCBC joined DBS in an improved outlook on asset quality, on the back of an "orderly and very well-managed" exit from Covid-19 relief programmes that is "better than expected", said its top executive on Wednesday.

CapitaLand sinks into the red with S$1.67b H2 loss on revaluation losses, impairments

HEFTY revaluation losses and impairments dragged CapitaLand into its first full-year net loss in almost two decades.

AirAsia food delivery in Singapore to charge merchants S$3 to S$5 on fixed plans

AIRASIA'S new food delivery service in Singapore will charge merchants S$3 to S$5 per order on flat-rate plans, instead of the percentage-based commissions typically charged by market players, The Business Times has learnt.

SGX, OneConnect collaborate to build ESG platform

SERVICE platform provider OneConnect on Wednesday announced that it will be building an environmental, social and governance platform in collaboration with the Singapore Exchange.

Keppel Corp chairman Lee Boon Yang to retire on April 23

KEPPEL Corporation on Wednesday announced that Lee Boon Yang, 73, will retire as its non-executive chairman and director with effect from April 23, 2021, after the group's upcoming annual general meeting on the same date.

Cromwell E-Reit to raise some 90m euros in proposed private placement

THE manager of Cromwell European Real Estate Investment Trust on Wednesday proposed a private placement of between 200 million and 209.3 million new units, at an issue price of 43 to 45 euro cents per new unit, to raise at least 90 million euros (S$144.3 million) in gross proceeds.

Corporate earnings

• Jiutian Chemical back in black with Q4 earnings of 86.2m yuan
• ARA H-Trust posts US$3m net property loss for H2; no distributable income
• PropNex Q4 profit falls 8.9% to S$7.5m

The STI today

STI up 1.2% while rest of Asia finishes in the red

THE Straits Times Index rose for the third consecutive session on Wednesday, adding 33.88 points or 1.17 per cent to 2,924.58.