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Daily Debrief: What Happened Today

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Resorts World Sentosa (RWS), which reopened to visitors in early July, is turning to the last resort - job cuts - as the coronavirus pandemic continues to take its toll on the tourism industry.

Stories you might have missed

Resorts World Sentosa announces 'one-off' layoffs, pledges to protect 'Singaporean core'

RESORTS World Sentosa (RWS), which reopened to visitors in early July, is now turning to the last resort - job cuts - as the coronavirus pandemic continues to take its toll on the tourism industry.


New Singapore private home sales surge to 998 in June, more than double May's volume

DEVELOPERS in Singapore sold 998 new private homes in June, 105 per cent more than May's 486, on pent-up demand and an increase in foreign buying as show galleries reopened.


DBS, Contour complete secured letter of credit transaction on blockchain network

EFFORTS to digitalise trade finance are taking shape amid renewed questions over fraud in trade finance, with DBS and blockchain trade-finance network Contour sewing up the network's first digital end-to-end secured letter of credit.


Frasers Property brings in capital partner for Northpoint City (South Wing)

TCC Prosperity (TCCP), through its wholly-owned subsidiary Bright Bloom Capital, has subscribed for 50 per cent of units of North Gem Trust (NGT), which owns the property. 


SGX queries Biolidics on timing, details of A*Star licence announcement

THE Singapore Exchange (SGX) on Wednesday posed a slate of queries to Biolidics about the details of a licence agreement the Catalist-listed firm had inked as well as the timing of its trading halt and announcement.


Wavemaker closes third South-east Asia fund at US$111m

SINGAPORE-BASED deep-tech investor Wavemaker Partners closed its third South-east Asia fund on June 19 at US$111.5 million, surpassing its target of US$100 million.


Corporate earnings


The STI today

STI closes 28.71 points up at 2,648.90; key property stocks chart gains

AMID mixed sentiment across the region, and a sombre kick-off to the Q2 reporting season in the US market, the local market benchmark Straits Times Index ended Wednesday at 2,648.90, up 28.71 points or 1.1 per cent.
 

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