Daily Debrief: What Happened Today
Stories you might have missed
Nikkei Singapore PMI shows improvement in Aug business conditions
Singapore firms posted an improvement in operating conditions in August, with the headline Nikkei Singapore purchasing managers' index (PMI) rising to 52.3 from July's 50.7.
IJMs present 'reasonable prospect' of saving company: Swiber
Saving the Swiber group will hinge on support from stakeholders and its ability to complete some US$1.67 billion worth of secured projects - which could pave the way for a restructuring exercise that would lead to a better outcome for its creditors than winding up.
Garena announces new investment from SeaTown, GDP Venture, Mistletoe
Garena, a Singapore-based Internet company and reportedly South-east Asia's largest unicorn (privately valued at US$3.75 billion), on Monday announced a new investment from SeaTown Holdings International, Global Digital Prima (GDP) Venture, and Mistletoe.
Singapore crowdfunding platform CoAssets lists on ASX
Singapore-based real estate and debt crowdfunding platform CoAssets on Monday announced that it has listed on the Australian Securities Exchange (ASX), after raising AS$6.55 million (S$6.72 million) in its initial public offering (IPO) at an issue price of A$0.40 per share.
NOL to delist from SGX on Tuesday
Neptune Orient Lines (NOL) shares will be delisted from Singapore Exchange (SGX), with effect from 9am on Tuesday.
OCBC Pay Anyone daily transfer limit increases to S$1,000
OCBC bank customers can now send up to S$1,000 a day via the OCBC Pay Anyone service, up from the original daily transfer limit of S$100, OCBC announced on Monday.
CIMB, Sompo ink Singapore deal to distribute non-life insurance products
CIMB Bank Singapore and Sompo Insurance Singapore on Monday said they have tied up in a deal for the lender to distribute the insurer's non-life products including travel and motor insurance.
The STI Today
Singapore shares close 1.7% higher after dovish US jobs report
A 90-point rise in the Dow futures and a 1.65 per cent surge in Hong Kong's Hang Seng Index helped the Straits Times Index (STI) kick off the week with a 47.82 points or 1.7 per cent jump to 2,851.74.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore’s employment growth eases in Q1, as tighter foreign worker quotas kick in for construction firms
Daily Debrief: What Happened Today (Apr 29)
NTUC to help workers develop skills, adapt to new job opportunities
Singapore factory output reverses into negative territory in March, down 9.2%
‘Proactive action’ needed to tackle skills mismatches in Singapore: SNEF
Tripartism and trust will help Singapore navigate a world ‘fraught with uncertainties’: Tan See Leng