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Daily Debrief: What Happened Today
Stories you might have missed
RIDE-HAILING firm Grab has secured US$1.46 billion of fresh funding from the SoftBank Vision Fund, bringing the total investment in its latest financing round to over US$4.5 billion.
THE new group will comprise MAS' existing data analytics group, its information technology department, as well as its technology & cyber risk supervision department.
CAR dealers point to the return of parallel importers and private-hire players for the car premiums trekking northwards.
IT will comprise two tranches: a S$75 million term loan facility maturing 36 months from March 4, 2019, and a S$80 million term loan facility maturing in 48 months.
SENIOR Minister of State for Trade and Industry Koh Poh Koon reassured companies that Enterprise Singapore "will take a flexible approach on a one-to-one basis to understand the companies' needs and to help them scope the kind of workers' outcomes that will be relevant for them".
The STI today
THE lack of market catalysts on Wednesday meant that Singapore's Straits Times Index (STI) was, for the most part, static, before some profit-taking activity in the last half-hour of the session sent the benchmark index slipping to close at 3,222.84, down 11.23 points or 0.35 per cent.