Daily Debrief: What Happened Today (May 15)

Stories you might have missed

SGX RegCo consults on regulatory changes to streamline IPO rules

[SINGAPORE] Listed issuers on the Singapore Exchange (SGX) will be expected to take on a more proactive role in providing timely and relevant disclosures, focusing on material information rather than following prescriptive requirements.

April new home sales dip 9% month on month to 663 units, but are double year-ago levels

[SINGAPORE] Developers in Singapore sold 663 private homes in April, down 9 per cent from the month before, but up 120 per cent from the 301 units moved a year earlier, data released by the Urban Redevelopment Authority showed on Thursday (May 15).

Oliver Healthcare Packaging opens 120,000 sq ft facility in Johor-Singapore SEZ

[ISKANDAR PUTERI] United States-based medical packaging company Oliver Healthcare Packaging on Thursday (May 15) opened a 120,000 square foot (sq ft) manufacturing facility within the Johor-Singapore Special Economic Zone in Malaysia.

Shares of Genting companies in Malaysia slide as investors react to Genting Singapore’s leadership change, weak results

[KUALA LUMPUR] Shares of Genting-linked companies tumbled on Thursday (May 15) as investors digested a surprise CEO exit at Genting Singapore and fresh concerns over corporate governance, amid broader weakness in Malaysia’s equity market.

‘Nationalisation not on the cards’: SingPost reports underlying net loss in H2; to merge Singapore, international segments

[SINGAPORE] Singapore Post (SingPost) on Thursday (May 15) ruled out the possibility of a nationalisation of the postal service provider, even as it said it is working with the Singapore government to come up with an operating model that is profitable and sustainable.

MAS proposes key changes in IPO rules and processes to boost SGX’s appeal

[SINGAPORE] The Monetary Authority of Singapore (MAS) is currently seeking feedback on proposed changes to simplify prospectus requirements and enhance investor outreach for initial public offerings (IPOs), it announced on Thursday (May 15). The consultation is open until Jun 14.

Singapore shares gain as investors take stock of earnings reports; STI increases 0.5%

[SINGAPORE] Local stocks climbed on Thursday (May 15), as investors assessed financial results from listed companies here.