News
Chart of the Day: Manufacturing output could taper amidst strong electronics production
Electronic exports have shrunk for 5 months straight despite high output.
Daily Briefing: Malaysia scraps high-speed rail link project; Biotech firm Lion TCR bags $20m in series A round
And here are two companies that recently delivered weaker results. From Reuters:
SGX-NSE talks for cross-border trading fall apart
The exchanges couldn't agree on issues such as timing, regulation, and resources.
Import prices up 1.4% in April
Oil prices jumped due to costlier crude petroleum and fuel oils.
DBS to build Carousell's mobile wallet CarouPay
This followed the bank’s participation in Carousell’s US$85m funding round.
Keppel looks to gain $114m from sale of Beijing prime site
It granted CBD Ather Center an option to buy 51% of the holding firm for $396.3m.
Prudential to pay $100 to customers hit by GIRO deduction
Customers can expect it to be credited to their accounts by 3 June.
Singapore expat packages shrunk by US$12,450 over a year
Employers paid lower salaries and expat benefits cost less.
MAS commits to Foreign Exchange Global Code
The code promotes a robust, fair, liquid, open, and transparent FX market.
1 in 5 family businesses eye China as critical for expansion
About 7 in 10 of them are planning to go abroad or are already doing it.
IHH Healthcare profits crashed 88% to $19.25m
It was hit by costs from opening Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital.
ST Aerospace bags 12-year maintenance contract for A319 jet
It will repair the interior and auxiliary fuel tank of the airbus jet.
Chart of the Day: 4% of overseas investment in China flowed from Singapore
Majority of Singapore's overseas investment ends up in developing countries like China.
Daily Briefing: Blackstone buys La Quinta resort from GIC; PE firms struggle to fill space for directors
And here's why Malaysian PM Mahathir can't fully reject the high-speed rail project with Singapore.
Daily Market Briefing: STI down 0.44%
Don’t expect any gains today.
Circles.Life's $0 plan could slowly erase telcos' wireless revenue
It launched a plan with 1GB of monthly data allocation, 30 minutes of voice, and 10 SMS.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform