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Daily Debrief: What Happened Today
Shoppers and diners in Singapore will soon have a new mobile payment option, with Samsung Pay to be launched here on June 16, the South Korean electronics giant said on Friday at a launch event.
In what is believed to be the first of its kind in Asia, a residential property in Singapore has successfully used crowdfunding to finance the installation of solar cells on its rooftop.
Neptune Orient Lines (NOL) on Friday said the offer from France's CMA CGM is now wholly unconditional, after NOL's majority shareholder Temasek Holdings tendered all shares in the acceptance of the offer. This means the acceptance condition of the takeover has been met.
Singapore is prepared to prosecute any Indonesian companies found responsible for the fires that produced hazardous ash clouds afflicting the city state last year, a minister said, standing his ground even as recent efforts to take firms to account drew ire from the country's largest Southeast Asian neighbour.
Even in Asia's cutthroat world of wealth management, the news of a mass defection at RBS Coutts, venerable bankers to the British royals, came as a shock.
The STI Today
The week kicked off on a firm note as markets around this region took their lead from Wall Street where "bad news is good news"' was very much in prominence after stocks rallied following release of a shockingly weak May jobs report.