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Daily Debrief: What Happened Today

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Some of Swiber Holdings Ltd's lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks.

Swiber Holdings

Swiber lenders said in talks with firm to drop liquidation bid

Some of Swiber Holdings Ltd's lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks.


Singapore bank lending down 2.7% in June, on longest stretch of declines on record

Bank lending in Singapore fell 2.7 per cent in June from a year ago - a sharp contraction compared to May - extending the longest stretch of declines on record, preliminary data from the Monetary Authority of Singapore on Friday showed.


Singapore manufacturers' expectations of future conditions turn marginally negative

Singapore manufacturers as a whole expect business conditions to be worse for the second half of this year - but only by the slightest of margins compared to when they were polled last quarter.


Services firms in Singapore, though still pessimistic, are more upbeat in hiring

Singapore companies in the services sector as a whole said they will hire slightly more workers in the current quarter, even though they are still pessimistic when looking at future business conditions until the end of the year.


WDA suspends funding to 3 training firms, refers matter to CAD

The Singapore Workforce Development Agency (WDA) said on Friday that it has suspended funding and grant assistance to three training providers following the recent audits conducted.


Singapore Airlines warns of tougher days after 181% profit jump

Asia's marquee airlines are warning tougher competition is squeezing them.


Corporate Earnings


The STI Today

Singapore shares close 1.7% down on Friday

Singapore stocks finished 1.7 per cent lower on Friday, with the Straits Times Index dropping 49.93 points to 2,868.69.