Market highlights

1 The Australian dollar's days as one of the best-performing developed-market currencies are ending. It is set to keep falling as pressure grows on Australia's Reserve Bank to cut interest rates, Bloomberg said.

2 SGX-listed Serial System, which distributes electronic components, expects to report a loss for the first quarter ended Mar 31. It had reported a US$3.1 million (S$4.2 million) net profit for the same three months last year.

3 King Wan Corporation expects a loss for the fourth quarter ended Mar 31 and the full year, mainly due to a drop in the value of Thai investments and a provision for loans to an associate dealing in property development in China.

4 Jason Holdings unit Jason Parquet Specialist could face a fine of $80,000 to $120,000 after being charged with not ensuring the appropriate disposal and storage of hazardous work materials.

5 Aspial Corporation's 50 per cent-owned Urban Vista project has obtained its Temporary Occupational Permit, and its wholly-owned Waterfront @ Faber development is fully sold.

A version of this article appeared in the print edition of The Straits Times on April 28, 2016, with the headline 'Market highlights'. Print Edition | Subscribe