SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Singapore's factory output growth slows to 4.6% in April. The rise in manufacturing production was led by a surge in biomedical manufacturing, which expanded 23.8 per cent over the previous year, the Economic Development Board (EDB) said on Monday.
2. Rental demand for private homes rises in Q1 but rents "to remain flat". The number of rents signed in January through March climbed 4 per cent to 13,077 transactions islandwide from the previous year, property consultancy Savills said on Monday.
3. Q&M Dental forms strategic partnership with IMC Group. It has granted Heritas Helios Investments, a healthcare private equity fund seeded by IMC and managed by IMC unit Heritas Capital Management, a call option to buy up to 63 million new Q&M shares within two years at a minimum of 48 cents per share.