Morning business news round-up for May 16, 2014

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

1. Singapore's exports beat forecasts to rise 0.9% in April. Non-electronic exports fuelled the increase, climbing 5.5 per cent last month, but electronic exports continued to fall, shrinking 8.7 per cent.

2. Stats ChipPac "considering approach from third party", shares jump. The company said on Friday it has received a non-binding expression of interest from a third party to possibly acquire all the shares in the Singapore-listed company.

3. CapitaLand raises offer price for CapitaMalls Asia. Southeast Asia's largest property developer is now offering $2.35 a share for CapitaMalls Asia, from $2.22 previously, and said its offer has become unconditional.

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