Daily Debrief: What Happened Today (Apr 30)

Stories you might have missed

South-east Asia’s chip and solar exports to US plunge – the worst may be yet to come

[SINGAPORE] The US has slashed its semiconductor imports from South-east Asia, with shipments from Cambodia, Thailand, Vietnam and Malaysia plunging over the past year amid a widening crackdown on trade circumvention, based on three-year trade data up to February 2025.

NTUC will collaborate with tripartite partners to protect all workers from tariff impact

[SINGAPORE] The National Trades Union Congress (NTUC) is closely monitoring the impact of the global tariff situation on workers, and – as part of the Singapore Economic Resilience Taskforce – will work with tripartite partners to support them.

Singapore investors buy 2.5 tonnes of bullion in Q1, the highest since 2010

[SINGAPORE] Investors’ appetite for gold bars and coins remained strong in the first quarter of 2025. At 2.5 tonnes, the demand was up 35 per cent year on year, the highest since World Gold Council (WGC) started keeping records in 2010.

Grab raises full-year adjusted Ebitda guidance after posting US$24 million profit in Q1

[SINGAPORE] Grab on Wednesday (Apr 30) reported net profit of US$24 million for the first quarter ended Mar 31, 2025, reversing from a US$104 million loss in the previous corresponding period.

Far East Hospitality Trust Q1 net property income falls 8.3% to S$23 million

[SINGAPORE] Far East Hospitality Trust’s (FEHT) net property income fell 8.3 per cent year on year to S$23 million for the first quarter ended March, from S$25.1 million.

S-Reits need to reveal clear strategies amid tariff uncertainty

[SINGAPORE] It is midway into the earnings season for Singapore-listed real estate investment trusts (S-Reits), with most of them having posted their Q1 results.

Singapore stocks rise on Wednesday, snapping four-day losing streak; STI up 0.7%

[SINGAPORE] Equities on the Singapore bourse rose on Wednesday (Apr 30), as four sessions of losses drew some bargain hunting. Sentiment across most of Asia was also more positive, after Japan’s top trade negotiator said he aimed to make steady progress in tariff negotiations with the US.