Daily Debrief: What Happened Today
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Singapore High Court grants sale order to Chuan Park’s S$890 million en bloc
THE High Court granted a sale order to Chuan Park’s S$890 million collective sale on Friday (May 26), with the judge concluding that there is no evidence that the deal was not arrived at in good faith by its collective sales committee (CSC).
Singapore factory output down 6.9% in April in 7th straight month of contraction
SINGAPORE’S factory output fell a surprising 6.9 per cent year on year in April, marking the seventh straight month of contraction as most clusters recorded declines, data from the Singapore Economic Development Board (EDB) showed on Friday (May 26).
Singapore services receipts growth eases to 7.9% in Q1 in third straight quarter of decline
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BUSINESS receipts in Singapore’s services industry grew 7.9 per cent year on year in the first quarter, down from a revised 11.7 per cent in Q4, as revenue growth continued to ease, data from the Department of Statistics Singapore (SingStat) showed on Friday (May 26).
Malaysia’s inflation eases to 3.3% in April, lowest in 11 months
MALAYSIA’S inflation rate moderated to 3.3 per cent year on year in April, the lowest in 11 months, as prices in the transport segment grew more slowly, said the Department of Statistics Malaysia (DOSM) on Friday (May 26).
SECURING both price stability and financial stability cannot be done through monetary policy alone, but requires integration with other policy areas, said Monetary Authority of Singapore (MAS) managing director Ravi Menon on Friday (May 26).
Group buys offer strength in numbers, but are they still a win-win?
AT THE height of Covid-19, group buys were an affordable way for stay-home Singaporeans to get char kway teow, fresh fruit or ready-to-eat pasta delivered to their doors – or at least to their neighbours’.
Corporate Earnings
- Mapletree Investments posts 38.8% drop in full-year net profit to S$1.2 billion
- Metro Holdings’ H2 earnings up 54% to S$8.3 million
- Singapore Flyer operator Straco Corp reverses loss with S$1.6 million Q1 net profit
The STI today
Singapore stocks flat as lacklustre manufacturing output hurts sentiment; STI down 0.01%
THE Straits Times Index (STI) edged down 0.01 per cent or 0.33 points to 3,207.39 on Friday (May 26).
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