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Daily Debrief: What Happened Today
Singapore's Minister for Trade and Industry (Industry) S Iswaran inked bilateral deals with three African countries during the Africa-Singapore Business Forum on Wednesday.
Singapore is reviewing the rules for venture capital firms as it attempts to draw more capital to the country's financial technology startups, according to the head of Singapore's central bank.
The company has appointed Nicholas Tan Kok Peng as the CFO with effect from Sept 1. Mr Tan, 58, was the CFO at StarHub Limited from July 2014 to April last year.
APSN and NKF pay tribute to the late SR Nathan
Mary Chia Holdings has received a notice of arbitration and a claim for S$4.81 million, excluding interest and costs, from its previous partner in a soured joint venture (JV), the beauty services company announced on Wednesday before the market opened.
Tritech Group is issuing 87.3 million new shares at 6.61 cents Singapore cents apiece, or S$5.8 million in total, to six parties to capitalise a loan and to settle an outstanding payment for a January acquisition, the engineering and marble production company said on Wednesday.
The STI Today
The Straits Times Index on Wednesday closed up 19.14 points at 2,869.57, as bank counters and some defensive stocks continued to be in play.