Daily Debrief: What Happened Today (May 8)

Stories you might have missed

UOB CEO ‘cautiously optimistic’ on 2024; Q1 profit down 1.6% to S$1.49 billion

UOB chief executive Wee Ee Cheong is “cautiously optimistic” on the bank’s outlook for 2024 given the growth potential in South-east Asia, even as higher-for-longer interest rates and a stronger US dollar may weigh on demand.

Iswaran’s lawyers contest prosecution’s call for separate trials related to Ong Beng Seng, David Lum

FORMER transport minister S Iswaran’s lawyers are seeking a single trial for all criminal charges against him, in contrast to the state prosecutor’s call for separate trials for his dealings with two businessmen.

‘Limits’ to MOH intervention for Cordlife customer refunds, compensation: Janil

THERE are “limits” to how much the government can intervene in the issue of compensation and refunds requested by customers of embattled cord-blood bank Cordlife Group, said Senior Minister of State for Health Janil Puthucheary in Parliament on Wednesday (May 8).

Manulife US Reit’s portfolio occupancy falls to 78.7% in Q1

MANULIFE US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 78.7 per cent for the first quarter ended March, down from 84.4 per cent as at end-2023.

SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground

TOTAL securities market turnover value on the Singapore Exchange (SGX) climbed 37 per cent year on year to S$25.5 billion in April, the highest since March 2023.

Banks slip on Wednesday as STI falls 1.1%

SINGAPORE stocks closed lower on Wednesday (May 8), with banking stocks among the decliners, as investor sentiment across the region remained cautious.