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Daily Debrief: What Happened Today
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A GROUP of bank lenders is seeking to put Hyflux under judicial management (JM), after two years of a court-sanctioned restructuring process that has continued to leave creditors empty-handed.
THE Office of the Comptroller General of Brazil (CGU) has published a notice in the Official Gazette stating that it has initiated an administrative enforcement procedure against five Keppel subsidiaries in relation to "alleged irregularities under the Brazilian Anti-Corruption Statute".
MORE than 95,000 employers in Singapore will receive over S$450 million in payouts by the end of this month under the Wage Credit Scheme, the Ministry of Finance and the Inland Revenue Authority of Singapore announced in a joint statement on Thursday.
THE accumulation of debt - seen in emerging markets and around the world - is likely to be the "number-one aftermath" of the Covid-19 outbreak to be dealt with from as early as next year, with expectations of a recovery in the second half of this year set to be "severely tested", said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
SINGAPORE Telecommunications (Singtel) is part of a consortium of companies that is building a high-performance submarine cable connecting the Republic, Japan, the Philippines, Thailand, Vietnam and China (Hong Kong and Guangdong province).
SINGAPORE Airlines (SIA) and its regional wing SilkAir are reinstating flights to a number of cities, and ramping up frequencies for several of its existing services in June and July, the national carrier said on Thursday.
THE Infocomm Media Development Authority (IMDA), M1 and the Maritime and Port Authority of Singapore (MPA) on Thursday said they are partnering Airbus to conduct coastal 5G standalone (SA) network trials at the Singapore maritime drone estate.
The STI today
IT WAS a sea of red for Asia's key stock indices, and Singapore's Straits Times Index (STI) was not spared. The STI dropped 3.44 per cent or 96.36 points to 2,704.21 points on Thursday.