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Daily Debrief: What Happened Today
Singapore Telecommunications (Singtel) said on Thursday it plans to buy a 21 per cent stake in Intouch Holdings and a 7.39 per cent stake in Bharti Telecom (BTL) from Temasek Holdings for S$2.47 billion in cash to deepen its foothold in the high-growth wireless markets of Thailand and India.
Singapore prosecutors filed two more charges on Thursday against former BSI banker Yeo Jiawei for tampering with witnesses in an ongoing probe into 1Malaysia Development Berhad (1MDB).
Fintech, or financial technology, will be a key differentiator for Singapore's economy and its financial sector, said Minister for Trade and Industry (Industry) S Iswaran on Thursday.
The telco said SurfHub, launched on Thursday, will offer customers a bundle of two StarHub services - 4G mobile postpaid line with at least 12GB of data and 1Gbps fibre home broadband subscription - from S$96.56 monthly over 24 months.
Thousands turned out Thursday at a victory parade for swimmer Joseph Schooling, who clinched the country's first Olympic gold medal with a stunning victory over his boyhood idol Michael Phelps.
Hanspeter Brunner, BSI SA's former Asia chief who was referred to Swiss and Singapore regulators over the bank's ties with a Malaysian state firm, has settled a lawsuit seeking deferred payments, according to the bank's lawyer.
Norwegian shipbuilder Vard Holdings has won a contract for the design and construction of three module carrier vessels for Kazakhstan shipping firm Kazmortransflot.
The STI Today
Singapore shares closed lower with the benchmark Straits Times Index losing 6.4 points or 0.2 per cent to finish at 2,836.98 on Thursday.