Daily Debrief: What Happened Today (May 24)

Stories you might have missed

New inter-ministerial committee to make Singapore’s rules more business-friendly

A NEW inter-ministerial committee is looking at how to make Singapore’s business regulations more business-friendly, particularly in reducing costs for small and medium-sized enterprises.

Singapore’s factory output extends decline on biomedical slide; down 1.6% in April

SINGAPORE’S factory output fell 1.6 per cent year on year in April, slowing from the previous month’s contraction, as output in the volatile biomedical cluster fell, data from the Singapore Economic Development Board showed on Friday (May 24).

Sabana internalisation requires trust deed amendment, but court bars ESR from voting

THE Singapore High Court has ruled that trust deed amendments are required to effect the internalisation of the manager function of Sabana Industrial Real Estate Investment Trust.

Bridgewater founder Ray Dalio identified as buyer of Club Street shophouses sold in 2021

BRIDGEWATER Associates founder Ray Dalio has been revealed to have joined the ranks of billionaires snapping up multimillion-dollar shophouses in Singapore.

Final money laundering accused to plead guilty on Jun 6

THE last of the 10 foreign nationals embroiled in Singapore’s largest money laundering case has indicated that he intends to plead guilty on Jun 6, court records on Friday show.

Metro H2 profit drops 23% to S$6.4 million

METRO Holdings’ net profit for the half-year ended March was down 23 per cent to S$6.4 million, from S$8.3 million the year before.

Singapore stocks end lower on Friday as investor appetite sours; STI down 0.2%

LOCAL shares ended the last trading day of the week in the red, as hawkish cues from the US Federal Reserve hit trader sentiment.