- Following Japan's stock market, Singapore share prices opened lower with the Straits Times Index (STI) down 5.31 points or 0.15 per cent to 3,507.69.
- Private healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$14.98 million for Q1 FY15 while revenue jumped 8.5 per cent to S$95.02 million.
DBS Group Holding, Southeast Asia's largest lender, posted higher first-quarter profit as net interest income increased. Net income gained 3 percent to S$1.27 billion for the three months ended March 31.
- Frasers Commercial Trust (FCOT) has entered into a conditional sale and purchase agreement with Australand Property Holdings to acquire a commercial property in Melbourne for A$222.5 million (S$232 million).
- Profits earned by Chinese industrial firms fell 0.4 per cent in March from a year earlier to 508.61 billion yuan ($82.09 billion).
- There is growing demand for experienced local engineers as Singapore-based engineering firms expand their mechanical and electrical departments but the supply of suitable candidates remains tight.
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