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Daily Debrief: What Happened Today
Marco Polo Marine said that its PT Marcopolo Shipyard has filed an application to place itself under a suspension of debt payment plan as it undertakes a court-supervised debt restructuring.
THE share prices of Singapore Airlines (SIA) and SATS came under pressure on Monday amid nagging concerns over falling yields of airlines. SIA shares, which plunged the most in nearly six years last week after reporting a shocking loss because of intense rivalry, remained weak.
Hong Kong's flagship carrier Cathay Pacific Airways Ltd is to sack nearly 600 staff in its biggest round of job cuts in 20 years, the South China Morning reported on Monday.
China will eventually allow private companies to invest in the country's oil and gas storage, the government said in a blueprint document for its energy sector that mainly underscored earlier pledges on reforming heavily monopolised oil and gas industries.
Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed US$11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.
The STI Today
Singapore stocks failed to hold on to early gains on Monday, with the Straits Times Index slipping 0.1 per cent, or 3.35 points, to close the day at 3,213.57.