You are here
Daily Debrief: What Happened Today
Stories you might have missed
THE Singapore-based venture capital arm of Temasek Holdings plans to finalise the funding in the next few months, which could take it above the first close, said Chua Kee Lock, managing partner of Vertex Ventures Southeast Asia and India.
EVENTUALLY, the target is to go live in up to 40 markets over the next three years, said Rajesh Mehta, the bank’s head of treasury and trade solutions for Asia-Pacific, in emailed replies to The Business Times.
AT the same time, FCT is launching an equity fund raising exercise, S$245.3 million of whose total proceeds will go towards partly financing the acquisition.
IN a report on Singapore loan growth, the market research firm said bank earnings will come under mild pressure as interest rates stabilise due to the US Federal Reserve's (US Fed) dovish pivot, combined with the re-escalation of US-China trade tensions.
SPEAKING to an audience in Washington on Wednesday, Singapore's Foreign Minister Vivian Balakrishnan said it won't work to view China as an adversary that must be contained, and called for "constructive competition" between the superpowers.
- Banyan Tree Q1 profit dives 74% to S$5.2m on lower revenue
- Sakae posts S$6.1m Q3 loss after S$3.2m impairment charge for Chilean acquisition
- ISR Capital still in the red for Q1; in midst of commercialising African rare earth mine
- IReit Global DPU down 1.1% to 0.89 euro cent for Q1
The STI today
THE Straits Times Index (STI) continued to reverse the early session's dip to close up 11.49 points or 0.4 per cent at 3,230.26.