Daily Debrief: What Happened Today

Stories you might have missed

NUHS, ARIA to launch S$50m fund for medtech startups

THE new Shenton Healthtech Venture Capital Fund will invest in startups and spin-offs that require funding for adoption and commercialisation of medtech.

Singapore opens borders to mainland China and Australian visitors from Nov 6

THE Civil Aviation Authority of Singapore (CAAS) said in an announcement on Thursday evening that visitors travelling from mainland China and Victoria State (Australia) can start applying from Oct 30 noon (Singapore time) for an Air Travel Pass (ATP) for entry into the city-state on or after Nov 6.

KTL Global's former CEO charged with cheating and false trading

ACCORDING to charge sheets seen by The Business Times, Wilson Tan Kheng Yeow had on two occasions allegedly cheated KTL Global's wholly owned subsidiary KTL Offshore of a total of around S$1.5 million to fund trades in the shares of KTL Global.

GIC unit expands presence in Germany with acquisition of retail logistics assets

GIC's wholly-owned unit, P3 Logistic Parks (P3), is ramping up its presence in Germany, having inked an agreement to acquire 33 retail logistics assets there.

Breathonix targets HSA approval for Covid-19 test in Q1 2021, US$20 price point

THE startup's chief operating officer Du Fang said that it plans to scale up its commercialisation plans, including outside of Singapore, once receiving the green light from HSA.

Social e-commerce platform Webuy bags US$6m in Series A funding

OTHER investors for the round include Telkom Indonesia VC arm Centauri Fund and a unit of South Korea's KB Financial Group, with continued support from Global Founders Capital (GFC) - Rocket Internet VC's investment division.

More execs now concerned about cooling measures for Singapore private homes

WHILE overall sentiment in Singapore's real estate market improved in the third quarter this year, worries seem to be growing over possible government intervention for private residential properties.

Corporate earnings

The STI today

Regional markets track Wall Street rout amid renewed virus fears; STI falls 1.3%

THE benchmark Straits Times Index booked its fourth consecutive day of losses, closing 1.3 per cent or 32.8 points lower at 2,450.68.