News
Malaysia has yet to formalise rejection of high-speed rail project
Malaysia has yet to formalise rejection of high-speed rail project
The Singapore government has not yet received any notification from Malaysia.
Weak outlook in China could hit Keppel's strongest unit
Property launches have been pushed into 2020, lifting earnings from China by 30%.
Private condo prices dipped by 0.3% in April
Units in Central were 0.8% cheaper.
MAS to require investors to log stock short sales
They need to be reported through an online portal.
Grab launches GrabFood beta in Singapore
Users can order in advance with no minimum amount required.
Daily Market Briefing: STI up 0.15%
Singtel led the gains at 0.73%.
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.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape