You are here
Daily Debrief: What Happened Today
Stories you might have missed
IN the first case before the Singapore courts associated with scandal-hit German payments company Wirecard, Singaporean R Shanmugaratnam has been slapped with four charges of falsifying letters that stated bogus balances held by his company’s accounts.
THE Singapore Business Federation (SBF) has urged employers to protect the Singaporean core and retain talent to grow business opportunities, while leaving retrenchment as a last resort to manage manpower costs.
THE Monetary Authority of Singapore (MAS) on Friday urged finance companies incorporated in Singapore to cap their fiscal 2020 total dividends per share at 60 per cent of fiscal 2019's level, the same way the regulator called for the Singapore banks to do so.
BEFORE it closed down in April, Eatsy had about 20 staff in Singapore and Indonesia and these employees received help in transitioning to other companies, founder Shaun Heng told The Business Times.
THE funds and entities that both Quarz and Black Crane act for and advise collectively own more than 10 per cent of the units of Sabana Reit.
JAPAN’S MUFG Bank is set to launch a joint venture (JV) with an Israeli fintech in Singapore this year to provide debt financing to Asia-Pacific startups, especially those unable to access such funding from traditional financial institutions.
- OCBC takes knife to offshore support sector exposure; Q2 profit down 40%
- Prime US Reit posts H1 DPU of 3.52 US cents, 5.1% above forecast
- CapitaLand H1 profit plunges 89% to S$96.6m on Covid-19 restrictions, tenant support
- StarHub cuts H1 dividend to 2.5 S cents, service revenue slumps 15% in Q2
- Far East Orchard sinks into S$853,000 net loss for first half
- Asian Pay TV Trust’s Q2 net profit down 32.5% on higher costs
The STI today
THE Straits Times Index (STI) fell 13.59 points or 0.53 per cent to 2,545.51 on Friday as US president Donald Trump's growing attack on the Chinese tech sector sent Asian stock indices lower, while punters continued to hope for a US stimulus package to keep the global economic recovery on track.