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Daily Debrief: What Happened Today
As chairman of Asean this year, Singapore will be an honest broker in tackling major challenges and potential crises, said Foreign Minister Vivian Balakrishnan. "We call it as it is, we don't sugarcoat things and we don't stick our heads in the sand, but at the same time we don't just complain or highlight that there's a problem, we actively look for solutions," he said.
Several former executives of Keppel Corp have been arrested by Singaporean authorities in a probe related to charges its rig-building unit bribed Brazilian officials, The Straits Times reported on Friday.
ALL services by e-payment giant Nets were down across Singapore on Friday afternoon for about an hour. A spokesman for Nets told The Straits Times that its services were temporarily unavailable from 2pm to 3pm on Friday. It said in a Facebook post at 3.44pm that all services had been restored.
EDBI, the investment arm of the Singapore Economic Development Board, has joined a group of investors in a US$500 million (S$656 million) funding round for US biotech Moderna Therapeutics.
Strong airline profits and higher defence spending have boosted the outlook for aerospace firms gathering for next week's Singapore Airshow, but after a surge of activity in 2017 the event is expected to produce few big-ticket deals.
Noble Group said on Friday that a proposed divestment of four dry bulk carrier vessels to further pare debt has fallen through as the buyers failed to obtain approval from their boards before Feb 1, 2018, making the deal void.
Offshore marine group Pacific Radiance announced on Friday a consent solicitation exercise for a revised restructuring plan with better terms for holders of its S$100 million 4.3 per cent medium-term notes.
- SingPost's Q3 net profit rises 37.2% to S$43m on broad growth, US tax changes
- Pine Capital posts slimmer Q3 loss, negative working capital; plans to raise funds
- KTL Global narrows Q2 net loss; considers options to exit watch list
The STI Today
Share prices in the Singapore bourse slipped with the key Straits Times Index closing 17.4 points or 0.5 per cent lower to finish at 3,529.82 on Friday.