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Daily Debrief: What Happened Today
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SEMBCORP Industries (Sembcorp) and Sembcorp Marine (Sembmarine) have proposed a major plan to rescue the marine giant with a S$2.1 billion cash call and to "demerge" from each other as the pandemic takes a toll on operations.
COVID-19 already has and will continue to accelerate a series of structural changes around the world, radically changing the shape of globalisation, trade and the future of work.
WHILE the government is spending billions to preserve jobs for Singaporeans amid the current Covid-19 crisis, it cannot be expected to shore up businesses forever, Deputy Prime Minister and Finance Minister Heng Swee Keat said.
OPTIMISM over economic stimulus, as more countries emerge from Covid-19 lockdowns, partly drove increases in market turnover value for exchange-traded funds (ETFs) and securities in May.
EAGLE Hospitality Trust's managers on Monday said their current directors have attended interviews with the Monetary Authority of Singapore (MAS) as part of an ongoing joint investigation.
THE Elections Department has spelt out the safety measures to be taken to ensure a safe election – measures that include reducing the number of voters in polling stations and barring people from entering the stations if they are found to be running a temperature and having breathing problems.
SINGAPORE Airlines (SIA) on Monday said it has raised S$10 billion in liquidity through its recent rights issue, and a mix of both secured and unsecured credit facilities.
The STI today
LAST month's better-than-expected job data in the United States and smaller-than-expected export decline reported by China on Monday helped lift most Asia's stock markets, including Singapore's benchmark the Straits Times Index (STI).