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Daily Debrief: What Happened Today

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Thursday, August 18, 2016 - 18:30
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Singapore Telecommunications (Singtel) said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings PCL and a 7.39 per cent stake in Bharti Telecom (BTL) from Temasek Holdings for S$2.47 billion in cash.

Singtel to buy 21% of Intouch, 7.39% of Bharti Telecom from Temasek for S$2.47b

Singapore Telecommunications (Singtel) said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings and a 7.39 per cent stake in Bharti Telecom (BTL) from Temasek Holdings for S$2.47 billion in cash to deepen its foothold in the high-growth wireless markets of Thailand and India.


Singapore slaps 2 more charges of witness tampering against ex-BSI banker in 1MDB probe

Singapore prosecutors filed two more charges on Thursday against former BSI banker Yeo Jiawei for tampering with witnesses in an ongoing probe into 1Malaysia Development Berhad (1MDB).


Fintech to be a key differentiator for Singapore: Iswaran

Fintech, or financial technology, will be a key differentiator for Singapore's economy and its financial sector, said Minister for Trade and Industry (Industry) S Iswaran on Thursday.


StarHub reintroduces 12GB mobile data bundles

The telco said SurfHub, launched on Thursday, will offer customers a bundle of two StarHub services - 4G mobile postpaid line with at least 12GB of data and 1Gbps fibre home broadband subscription - from S$96.56 monthly over 24 months.


Olympics: Thousands at Singapore swimmer Schooling's parade

Thousands turned out Thursday at a victory parade for swimmer Joseph Schooling, who clinched the country's first Olympic gold medal with a stunning victory over his boyhood idol Michael Phelps.


Ex-BSI Asia CEO Brunner settles Singapore bonus suit with bank

Hanspeter Brunner, BSI SA's former Asia chief who was referred to Swiss and Singapore regulators over the bank's ties with a Malaysian state firm, has settled a lawsuit seeking deferred payments, according to the bank's lawyer.


Vard Holdings bags US$70m contract

Norwegian shipbuilder Vard Holdings has won a contract for the design and construction of three module carrier vessels for Kazakhstan shipping firm Kazmortransflot.


Corporate Earnings


The STI Today

Singapore shares fall 0.2%

Singapore shares closed lower with the benchmark Straits Times Index losing 6.4 points or 0.2 per cent to finish at 2,836.98 on Thursday.

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