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Daily Debrief: What Happened Today
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IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management, High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly likely, "short of a miracle".
THE Public Service Division on Friday announced a reshuffle of some permanent secretary positions, to take effect from Oct 19, 2020.
THE General Insurance Association of Singapore and the Life Insurance Association, Singapore on Friday announced the extension of relief measures that would give policyholders more time to pay premiums while maintaining their coverage.
THE first half of 2020 largely turned out to be a "resilient" period for Asia-Pacific warehouse markets; and expectations are for this sector's rents in Singapore to remain stable till the rest of the year, according to research by property consultancy Knight Frank.
A BOOM in retail investing in South-east Asia should help drive stock market gains at a time when institutional investors are reassessing the region, according to UBS Group's investment-banking arm.
The STI today
SINGAPORE stocks ended Friday broadly unchanged, amid a mixed performance across the region.