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Daily Debrief: What Happened Today
The Commercial Affairs Department (CAD) is investigating Jason Holdings director Jason Sim Chon Ang and the company's subsidiary Jason Parquet Specialist (Singapore) regarding a possible offence under the penal code, the company announced late on Thursday.
Singapore's GIC Pte Ltd is in talks to own a state of at least 7 per cent in Vietcombank, sources with knowledge of the matter said, in what would be the sovereign wealth fund's second major investment in Vietnam this year.
Indonesian authorities arrested six suspected militants on Batam island on Friday who were believed to be linked to the Islamic State group and plotting an attack on nearby Singapore, an Indonesian police spokesman said.
The Ministry of Communications and Information (MCI) is looking to establish an alternative dispute resolution mechanism for the telecommunications and media sectors on the lines of the one established for the financial industry, the FIDReC (Financial Industry Disputes Resolution Centre Ltd).
In a Facebook post following his visit to Singapore General Hospital, Mr Lee said that Mr Nathan "is restful and his vital signs are currently stable".
As European and American markets open on Friday, oil traders face a new era with Yahoo Messenger, the main tool used by traders to communicate since the late 1990s, shutting down.
- Perennial Q2 profit drops 93.2% on lower rents, absence of year-ago fee
- Bumitama Agri Q2 profit falls 39% to 107.6b rupiah
- Cosco sinks deeper into the red for Q2, warns of worse days ahead
- Frasers Centrepoint's Q3 profit down 62.4% on lower development profits
- Venture Q2 profit up 20.3% at S$43.4m
The STI Today
The local stock market this year has been buffeted by mainly external factors such as Brexit, weak oil and concerns over China's economy. This week the focus switched to internal worries brought on by the collapse of offshore and marine (O&M) stock Swiber Holdings, which a week ago filed for liquidation then changed this to an application to be placed under judicial management.