Daily Debrief: What Happened Today
Stories you might have missed
Singtel launches near-gigabit mobile data speeds at selected outdoor locations
Singtel is launching, in phases, near-gigabit speeds of 800 Mbps on its LTE advanced network at selected high-traffic outdoor locations in Singapore.
Adapt & Grow SkillsFuture Career Advisors programme launched for hotel industry
The Adapt & Grow SkillsFuture Career Advisors Programme for the hotel industry has been launched to help employers in the industry better engage and connect with jobseekers to address mismatches and missed matches.
Nam Cheong has called for a trading suspension on Friday with immediate effect. This comes after the mainboard-listed company said on Thursday that it has decided to "temporarily cease" repayment on all its borrowings while it seeks to undergo restructuring.
VP Bank neutral on Singapore equities, many in Asia richly valued
Singapore shows a clear pattern of further economic strength for the rest of the year, but VP Bank AG remains neutral on the city-state.
Hot stock: Union Gas debuts above IPO price
Union Gas, which launched its initial public offering (IPO) on July 13, opened at S$0.295 on Friday, slightly above its IPO price of S$0.25.
Hot stock: Swee Hong soars after end of scheme of arrangement
Civil engineering company Swee Hong's shares rose by 35.7 per cent on Friday morning to S$0.019.
Resources Prima Group's unit's vice-president resigns
The vice-president of the Indonesia-incorporated subsidiary of Resources Prima Group, PT Rinjani Kartanegara, has resigned to "pursue other career opportunities".
Corporate Earnings
The STI Today
STI climbs 21 points on Friday
Singapore stocks rebounded on Friday after breaking an earlier rally streak on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Philippines’ Recto sees rate-cut delay risk if peso sinks to 59
Ecuador president declares state of emergency over energy crisis
US Senate has agreement on Fisa reauthorisation, will vote on Friday night, Schumer says
US expects to finalise new Aukus trade exemptions in next 120 days
IMF concerned about debt, fiscal challenges facing low-income countries
Bank of Japan’s Ueda says ‘very likely’ to hike rates if inflation keeps rising