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Daily Debrief: What Happened Today
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THE update comes after Hyflux last Thursday terminated a crucial rescue deal, with just weeks to go before the insolvent water and power plant company loses court protection from creditors when its moratorium expires on April 30.
THE facility consists of an existing assembly factory and a new state-of-the-art machining factory, designed with Industry 4.0 and Industrial Internet of Things (IIOT) capabilities to increase productivity and connectivity between its systems.
AS part of the deal, Carousell will acquire OLX Philippines, which claims to be the largest online classifieds site in The Philippines, with over 6 million unique users monthly.
THE investment will be used to scale the company's data-driven content and analytics platform, expand its presence in new markets starting with Thailand, and develop an interactive Cool Japan Ecosystem, Clozette said.
IT joins other properties in the city fringes that have put on the market this week, including a freehold four-storey commercial building at 118 Joo Chiat Road and a freehold redevelopment site at 51 Lorong 21 Geylang. They have indicative prices of S$20 million and S$23 million respectively.
The STI today
THE Straits Times Index (STI) managed to close higher even after the index tumbled from a high of 3,346 in the first hour of trading to close at 3,330.82, 3.17 points or 0.1 per cent up.