Daily Briefing: 2,000 HDB flats to rise in Pasir Ris; DBS' wealth management shines

And here's why Sembcorp Marine is still hurting.

From PropertyGuru: Under the Remaking Our Heartland (ROH) programme, residents of Pasir Ris can look forward to about 2,000 new HDB flats and a new mixed-use project at the town centre. Situated next to Pasir Ris Park, the public housing developments are expected to be launched in the next three to five years and will come with a wide range of amenities and multi-generational facilities. “For seamless connectivity, these will be integrated with a proposed Central Greenway with elevated cycling/pedestrian paths, providing direct connection from the town centre to Pasir Ris Park,” said HDB in a statement.

From CNBC via Yahoo!: Singapore 's top lender, DBS Group Holdings reported better than expected first quarter earnings even as banks in the city state continue grappling with a troubled oil and gas services sector. The better performance was helped by its wealth management business that brought in record high income of 222m Singapore dollars ($159m), 26 percent higher than the same period a year ago.

From The Motley Fool Singapore: Sembcorp Marine Ltd reported its 2017 first quarter earnings yesterday evening. The reporting period was for 1 January 2017 to 31 March 2017. As a quick background, Sembcorp Marine is a global leader in the offshore and marine industry. The firm builds offshore platforms, rigs, and floaters, and also repairs and upgrades various types of vessels. Sembcorp Industries Limited (SGX: U96) is the majority owner of Sembcorp Marine.

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