Market highlights

1. Music streaming service Spotify has followed Uber's lead by choosing to raise US$1 billion (S$1.3 billion) in convertible debt instead of a more traditional round where investors buy shares, reported Bloomberg.

2. The nine retail-sector Reits here are likely to stay resilient this year despite the difficult economy, Fitch Ratings says. This is due in part to the sector's low leverage and manageable debt.

3.Technology firm Stratech expects to report a net loss for the financial year ending March 31, partly because of lower revenue from the later-than-expected awarding of projects. Costs have also increased.

4. A unit of SGX-listed Thai Beverage has entered into a joint venture with Kepdokmai Ruamton to form a firm called Koykiao, which will operate restaurants.

5. SGX-listed social networking firm YuuZoo has agreed with Alibaba Sports Group to organise and run an e-sports tournament and manage e-sports club competition centres.

A version of this article appeared in the print edition of The Straits Times on March 31, 2016, with the headline 'Market highlights'. Print Edition | Subscribe