You are here
Daily Debrief: What Happened Today
Singapore firms posted an improvement in operating conditions in August, with the headline Nikkei Singapore purchasing managers' index (PMI) rising to 52.3 from July's 50.7.
Saving the Swiber group will hinge on support from stakeholders and its ability to complete some US$1.67 billion worth of secured projects - which could pave the way for a restructuring exercise that would lead to a better outcome for its creditors than winding up.
Garena, a Singapore-based Internet company and reportedly South-east Asia's largest unicorn (privately valued at US$3.75 billion), on Monday announced a new investment from SeaTown Holdings International, Global Digital Prima (GDP) Venture, and Mistletoe.
Singapore-based real estate and debt crowdfunding platform CoAssets on Monday announced that it has listed on the Australian Securities Exchange (ASX), after raising AS$6.55 million (S$6.72 million) in its initial public offering (IPO) at an issue price of A$0.40 per share.
Neptune Orient Lines (NOL) shares will be delisted from Singapore Exchange (SGX), with effect from 9am on Tuesday.
OCBC bank customers can now send up to S$1,000 a day via the OCBC Pay Anyone service, up from the original daily transfer limit of S$100, OCBC announced on Monday.
CIMB Bank Singapore and Sompo Insurance Singapore on Monday said they have tied up in a deal for the lender to distribute the insurer's non-life products including travel and motor insurance.
The STI Today
A 90-point rise in the Dow futures and a 1.65 per cent surge in Hong Kong's Hang Seng Index helped the Straits Times Index (STI) kick off the week with a 47.82 points or 1.7 per cent jump to 2,851.74.