Daily Debrief: What Happened Today (May 18)

Stories you might have missed

Singapore exports beat forecasts with 24.5% April jump; AI demand seen staying strong

[SINGAPORE] Continued artificial intelligence-related demand is expected to support Singapore’s exports in the near term, economists said, after the Republic’s key exports sharply exceeded forecasts in April.

Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO

[SINGAPORE] Companies implementing their low-carbon transition plans are likely to face higher costs over the short term due to the Iran war.

UOBKH downgrades ComfortDelGro to ‘hold’ as Q1 earnings disappoint

[SINGAPORE] ComfortDelGro (CDG) : C52 -0.78% has been downgraded to “hold” from “buy” by UOB Kay Hian, following a first-quarter financial performance that fell significantly short of market expectations.

‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next

[SINGAPORE] An ill-timed property bet, a generational pandemic and a wave of customer closures – just any one of these would have been a severe setback for a business.

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Daily Debrief: What Happened Today (May 15)

Grab, Sea lean on affordability, subscriptions to defend growth amid macroeconomic headwinds

[SINGAPORE] Amid the ongoing Middle East conflict and broader macroeconomic uncertainty, consumer spending is coming under pressure with households turning cautious.

ST Engineering Q1 revenue rises 11% to S$3.3 billion on strong segment growth

[SINGAPORE] ST Engineering : S63 +4.05% posted an 11 per cent rise in revenue to S$3.3 billion in its first quarter ended Mar 31, from S$2.9 billion in the previous corresponding period.