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Daily Debrief: What Happened Today
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THE enhanced Financial Sector Technology and Innovation Scheme, or FSTI 2.0, aims to encourage the expansion of the existing innovation labs and further develop Singaporean talent in fintech.
TO facilitate the ease of meeting safe distancing measures put in place at construction sites as a result of Covid-19, JTC Corporation has been testing out various technologies that will help employers and workers alike.
HYFLUX on Thursday announced that the unsecured working group (UWG) of bank lenders has filed its application for a judicial management order.
DARCO Water Technologies is alleging that its former chief executive officer (CEO) and director Thye Kim Meng breached his duties to the company in relation to a water project and a solar project, causing losses and damages to the company.
THAT means the senior vice-presidents, executive vice-president and the chief executive officer will now take 20-30 per cent pay cuts, up from the previous 15-25 per cent cuts.
CAPITALAND'S wholly-owned lodging business unit, The Ascott Limited, has launched a "work in residence" initiative at participating properties worldwide, to transform selected apartments into work suites.
NAMED Doxa Connex, the procure-to-pay solution aims to speed up payments from main contractors to their suppliers to improve cash flow management as the construction industry restarts after the extended "circuit breaker".
- Yanlord H1 profit falls 59% to 492.9m yuan
- Vicom posts 30.2% drop in first-half earnings, expects periodic testing to pick up
- CDL profit dives 99.1% to S$3.1m for H1 as pandemic hits all segments
- Olam posts 44.4% rise in H1 net profit to S$332.7m
- Global Invacom H1 earnings tumble 78.2% to US$345,000
- Sunpower swings into the black with 21.4m yuan Q2 net profit
- Union Gas shares gain 9% after H1 earnings climb 76.7% on LPG sales
- Ho Bee Land’s net profit up 115% on increased profits from associates
The STI today
THE Straits Times Index (STI) ended Thursday up 32.77 points or 1.28 per cent at 2,595.97 points, fuelled by strong gains in the US markets and extending a two-day upward movement.