Daily Debrief: What Happened Today (Jun 5)

Stories you might have missed

Malaysia banks signal caution despite resilient Q1 results

[KUALA LUMPUR] Malaysia’s banking sector delivered another quarter of resilient earnings and improving loan growth, but lenders and analysts sounded a cautious tone, suggesting that the industry’s biggest challenge lies in sustaining credit demand amid a murky global outlook.

Singapore retail sales up 5.4% in April, surpassing forecasts

[SINGAPORE] The Republic’s retail sales rose 5.4 per cent year on year in April, extending the downwardly revised 4.6 per cent growth recorded in March, data from the Singapore Department of Statistics showed on Friday (Jun 5).

Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million

[SINGAPORE] Two members of the Ong family behind construction and property group Lian Beng are buying a pair of freehold bungalows in Belmont Road with a total land area of 41,741 square feet (sq ft), in separate deals totalling S$60 million.

Singtel Singapore lands S$28 million funding from government for AI push

[SINGAPORE] Singtel Singapore has been awarded up to S$28 million by the government to fund a multi-year artificial intelligence programme which seeks to accelerate its capabilities in AI operations.

Data centre operator DayOne raises US$4.5 billion in Series C funding

[SINGAPORE] Data centre operator DayOne announced on Friday (Jun 5) that it has raised US$4.5 billion in the final closing of its Series C financing round.