Daily Debrief: What Happened Today
Stories you might have missed
Grab secures US$1.46b investment from SoftBank Vision Fund; eyes growth in Indonesia
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.
MAS sets up technology group, makes senior management changes
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.
ESR-Reit secures S$155m loan facility; files proofs of claim against Hyflux
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.
Worker outcomes tied to grant funding need not be wage increases: Koh Poh Koon
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
Singapore shares close 0.35% lower on lack of market cues
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.
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International
Chinese firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1