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Daily Debrief: What Happened Today

The islandwide vacancy rate of office space rose to 12.1 per cent as at the end of Q2 2020, from 11 per cent at end-Q1 2020.

Stories you might have missed

Singapore office rents flat in Q2 2020 but vacancy rises to 12.1%: URA

THE amount of occupied office space decreased by 55,000 sq m of net lettable area (NLA) in the second quarter of 2020, a much bigger drop than the 7,000 sq m decrease in the previous quarter.

Singapore factory output continues decline with 6.7% drop in June

SINGAPORE factory output fell for the second straight month in June, dragged down by the volatile biomedical cluster, according to preliminary data on Friday. 

Far East Consortium's acquisition of controlling stake in Eagle Hospitality Trust falls through

EAGLE Hospitality Trust’s (EHT)  trustee, DBS Trustee, has now directed its financial adviser Moelis & Company to commence a request for proposal (RFP) process “on an expedited basis” from parties interested to enter into a deal with EHT.

Former LTA deputy group director charged with corruption

FOO Yung Thye Henry, 46, is accused of having obtained gratification in the form of loans from contractors and sub-contractors of the LTA, who paid him S$1.24 million from 2014 to 2019 to advance their business interests with the LTA.

Talent investor Entrepreneur First builds nine startups in seventh Singapore cohort

THE startups cut across a mix of industries, including biotech, fintech and energy tech, and address issues such as healthcare access and humans' impact on the environment.

RedMart to occupy honestbee's former habitat site

The Business Times understands that RedMart plans to use the space as a fulfilment centre for deliveries in the south of Singapore.

NTUC proposes framework on responsible retrenchment practices

NATIONAL Trades Union Congress (NTUC) is proposing the Fair Retrenchment Framework (FRF) to further guide companies on responsible retrenchment practices, amid an uncertain economic outlook.

Corporate earnings

OUE Lippo Healthcare sinks into the red with S$1.3m H1 loss

UOI's earnings fall 42% for Q2 amid lower business activities during pandemic

Del Monte sinks into the red with US$12.4m loss in Q4

The STI today

STI sinks into the red as factory output falls

SINGAPORE’S benchmark Straits Times Index (STI) fell 1.3 per cent or 32.84 points to 2,579.51 on Friday. 

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