Daily Debrief: What Happened Today (Feb 27)

Stories you might have missed

Singapore to launch applied AI initiative, large-scale research programmes in next five-year RIE plan

SINGAPORE will launch an applied artificial intelligence (AI) initiative and two kinds of large-scale, cross-cutting programmes in its next five-year Research, Innovation and Enterprise (RIE) plan, Deputy Prime Minister and National Research Foundation chairman Heng Swee Keat said on Thursday (Feb 27).

Kwek family feud sours CDL’s prospects, but can catalyse value unlocking

Investors buy into listed groups where families hold major stakes and are active in management, partly because they see families with skin in the game taking the long-term view in growing the business.

Latest Singapore six-month T-bill cut-off yield slips to 2.75%

THE cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.75 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Feb 27).

Some analysts downgrade CDL, reduce price target on boardroom tussle

ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s share price in the near term.

GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri

GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore Special Economic Zone (JS-SEZ).

Singapore stocks gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive

SINGAPORE shares climbed on Thursday (Feb 27) as investors took stock of company earnings.