Daily Debrief: What Happened Today (May 19)

Stories you might have missed

Two SGX listcos eye investments in Johor-Singapore Special Economic Zone: Maybank

[SINGAPORE] Singapore-listed companies Thomson Medical Group and Centurion Corporation have expressed interest to invest in the Johor-Singapore Special Economic Zone (JS-SEZ), said Maybank on Monday (May 19). 

Indonesia wages war on extortion that threatens to derail investor confidence

[JAKARTA] Indonesian police have officially named suspects in a major extortion case that has shaken the country’s investment community to its core, marking a crucial step in the government’s intensified crackdown on thuggery, illegal levies and intimidation targeting businesses.

A startup, a scale-up and a hospital bag top accolades at maiden Design AI and Tech Awards

[SINGAPORE] Home-grown semiconductor optics startup MetaOptics Technologies, local autonomous cleaning robot firm LionsBot and Sengkang General Hospital clinched top honours at the inaugural Design AI and Tech Awards (Daita) on Monday (May 19).

Build more CBD offices; go slow on decentralised offices and CBD homes

[SINGAPORE] While many premier office buildings are clustered in Singapore’s bustling Central Business District (CBD), there are established decentralised office nodes islandwide in areas such as Alexandra Road, Buona Vista, Jurong, Novena, Paya Lebar and Tampines.

GE2025: Workers’ Party’s Andre Low, Eileen Chong to fill NCMP seats

[SINGAPORE] Workers’ Party (WP) candidates Andre Low and Eileen Chong will fill the two available Non-Constituency Member of Parliament (NCMP) seats in Singapore’s next Parliament, the Elections Department (ELD) announced on Monday (May 19).

SingPost, FedEx deepen partnership with islandwide roll-out of parcel drop-off service

[SINGAPORE] Singapore Post (SingPost) has ramped up its partnership with global transport company FedEx with the extension of FedEx’s parcel drop-off services to all post offices islandwide. This raises parcel acceptance points from six to 43, the two companies said in a joint statement on Monday (May 19).

STI slips 0.6%, weighed down by US credit rating downgrade

[SINGAPORE] Singapore shares closed the first trading day of the week lower, as with most of the regional major indexes, as United States equity and bond futures slid in early Asia trading after the American government got its top credit rating downgraded a notch.