SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Singapore economy grows 5.1 per cent in Q1 over a year ago. This was lower than the 5.5 per cent growth in the fourth quarter of last year over the year before, according to advance estimates released by the Ministry of Trade and Industry (MTI) said on Monday.

2. MAS stays pat on policy of gradually rising Singapore dollar. The central bank also cut its forecast for inflation this year to between 1.5 and 2.5 per cent, from its previous tip of between 2 and 3 per cent.

3. Novartis unit opens $200m manufacturing plant in Tuas. The 3 ha facility produces vision-saving medical products under Alcon, Novartis' eyecare arm.