Daily Debrief: What Happened Today

Grab introduces GrabShare, sharing paid car-pooling market with Uber

RIDE-HAILING platform Grab launched its first commercial car-pool service GrabShare that puts it one step deeper in a market dominated by rival Uber.

Swiber directors out on bail as CAD probes alleged breach of disclosure law

A NUMBER of current and former directors of Swiber Holdings are released on bail after having been taken for questioning by the Commercial Affairs Department (CAD), Singapore's white collar-crime investigations unit.

Noble unit sells stakes in 4 UK power firms for at least US$23.5m

A MAJORITY-OWNED subsidiary of commodity trader Noble Group has sold off all of its interests in four power companies incorporated in the UK for at least US$23.5 million in cash, with an additional consideration of up to, but an unlikely, US$91.6 million.

Oxley to acquire 40% stake in Australian developer for A$32m

OXLEY Holdings will invest A$32 million (S$33 million) for a 40 per cent stake in an Australian property and construction company.

MCL Land's S$238.4m bid emerged top among 14 bids for Margaret Drive site

MCL Land has emerged the top bidder for the residential land parcel at Margaret Drive with a bid price of S$238.39 million, pitting against 13 other bidders.

SIA chief executive conferred Dwight D. Eisenhower Global Innovation Award

THE chief executive officer of Singapore Airlines (SIA), Goh Choon Phong, has been awarded the Dwight D. Eisenhower Global Innovation Award, making him the first-ever recipient from South-east Asia.

Pacific Radiance executive director being investigated by CPIB

AN executive director of offshore marine support services firm Pacific Radiance is being investigated by Singapore's anti-corruption officials after he was arrested and released on bail.

Corporate Earnings

The STI Today

Singapore shares close broadly mixed; banks push STI up

A CONTINUED push on the banks helped add 6.07 points to the Straits Times Index (STI) at 2,949.12, though volume continued to dwindle and the broad market ended mixed.