Daily Debrief: What Happened Today

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Singtel to invest US$250m in Airtel Africa; funding round includes Temasek, Warburg Pincus, Softbank

AIRTEL Africa will be valued at US$4.4 billion after the funding round, the proceeds of which will be used to reduce Airtel Africa's existing debt of around US$5 billion and grow its business ahead of an intended initial public offering, Singtel said.

Temasek upsizes bond offer to S$500m; extra S$100m goes to retail investors

The exercise of the upsize option was done to enable all 53,282 valid retail applications to receive some allocation, said the Singapore investment company in a media release on Wednesday.

Global Invacom to acquire Malaysia biometric solutions firm Tactilis for US$200m

SATELLITE communications equipment provider Global Invacom Group (GInva) has agreed to acquire the entire issued and paid-up share capital of Tactilis, a Malaysian firm which makes proprietary biometric system-on-card solutions.

Gilstead Mansion relaunches collective sale tender at S$65m GILSTEAD Mansion has been relaunched for collective sale tender at S$65 million, or S$3 million lower than its guide price announced in June, as its owners hope to beat both the chill of cooling measures as well as the clock before new guidelines on the maximum number of allowable units outside the central area set in.

LTA awards contracts for 60 electric buses worth S$50 million to 3 firms

THE buses will progressively arrive in Singapore from next year, with the final batch delivered in 2020, LTA said in a statement on Wednesday.

NTUC Income's new insurance plan shields commuters from surge pricing on Grab when it rains

IN a move that suggests ride-hailing and surge pricing are here to stay, NTUC Income on Wednesday announced the launch of Droplet, a first-of-its-kind insurance product that protects commuters against unpredictable surge pricing on ride-hailing platforms when it rains.

Singapore Life's new service enables critical illness claim payouts within 24 hours

To have their claims processed within 24 hours, claimants must submit their completed forms as well as relevant documents such as medical laboratory reports or doctor's reports by 3pm each day.

Corporate earnings

The STI today

Singapore shares close flat on Wednesday

SINGAPORE stocks ended flat on Wednesday, with the Straits Times Index gaining 0.69 point to 3,032.08.