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Daily Debrief: What Happened Today
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ABOUT a year after its exit from South-east Asia, US ride-hailing giant Uber launched its Asia-Pacific hub in Singapore on Tuesday, with plans to expand headcount here.
The gas industry regulator was responding to a reader's letter, "Time for a close look into why Hyflux tanked. This was no typical business failure", published in The Business Times on March 26.
Prompt payments rose to slightly more than half of total payment transactions, while slow payments comprised more than a third, SCCB said in its latest quarterly report.
THE strong showing by S-Reits comes on the back of growing investor interest due to the uncertain outlook of US-China trade talks, and the hunt for higher yields amid volatile global equity markets.
The expanded facilities will enable the oil company to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates.
- Low Keng Huat Q4 profit drops 34% to S$3.5m
- Reclaims Global fiscal 2019 profit tumbles 91.6% on listing-related expenses
The STI today
THE Straits Times Index (STI) gained 29.27 points or 0.9 per cent to close at 3,279.78, the highest closing level in 2019.