Daily Debrief: What Happened Today
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Swiber Holdings
Swiber lenders said in talks with firm to drop liquidation bid
Some of Swiber Holdings Ltd's lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks.
Singapore bank lending down 2.7% in June, on longest stretch of declines on record
Bank lending in Singapore fell 2.7 per cent in June from a year ago - a sharp contraction compared to May - extending the longest stretch of declines on record, preliminary data from the Monetary Authority of Singapore on Friday showed.
Singapore manufacturers' expectations of future conditions turn marginally negative
Singapore manufacturers as a whole expect business conditions to be worse for the second half of this year - but only by the slightest of margins compared to when they were polled last quarter.
Services firms in Singapore, though still pessimistic, are more upbeat in hiring
Singapore companies in the services sector as a whole said they will hire slightly more workers in the current quarter, even though they are still pessimistic when looking at future business conditions until the end of the year.
WDA suspends funding to 3 training firms, refers matter to CAD
The Singapore Workforce Development Agency (WDA) said on Friday that it has suspended funding and grant assistance to three training providers following the recent audits conducted.
Singapore Airlines warns of tougher days after 181% profit jump
Asia's marquee airlines are warning tougher competition is squeezing them.
Corporate Earnings
The STI Today
Singapore shares close 1.7% down on Friday
Singapore stocks finished 1.7 per cent lower on Friday, with the Straits Times Index dropping 49.93 points to 2,868.69.
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International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year