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Daily Debrief: What Happened Today


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Temasek, UOB invest US$200m into venture debt firm InnoVen Capital

THE Singapore-based company, which also has offices in India and China, said the funds will allow it to tap the potential in the venture debt space across Asia.

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Hyflux clarifies it has not received binding offer from Utico

IN fact, all that Hyflux has received from Utico's advisers is a "draft term sheet", Hyflux clarified on Tuesday.

GIC, BC Partners to sell majority stake in Acuris to Ion in £1.35b deal

AS part of the deal, BC Partners will retain a minority 25 per cent stake in Acuris, while GIC will sell its entire interest in the company.

Impossible Burger creator raises US$300m in Series E round led by Temasek, Horizon Ventures

THE company's fifth equity funding round will help to speed up, among others, hiring and capacity expansion at its plant in Oakland, California.

Singapore condo resale prices up 0.9% in April for 3rd straight monthly rise: SRX

FOR the first four months of the year, non-landed resale prices are up about 2 per cent, according to data from the real estate portal.

Corporate earnings

The STI today

Singapore shares claw back early drop to close 0.3% lower on Tuesday

THE Straits Times Index (STI) opened 1 per cent lower but clawed back early losses to finish at 3,223.71, down 10.57 points or 0.3 per cent on Tuesday.