Daily Debrief: What Happened Today
Stories you might have missed
Defence lawyers question estimated losses from departure of Prudential agents
REFERRING to a media report of underwriting losses recorded by Prudential in 2015 and 2016, senior counsel Thio Shen Yi from TSMP Law asked how these losses squared with future profitability estimates made by Prudential's expert witness Larry Rubin.
US cloud provider 8x8 buys Singapore's Wavecell for US$125m in cash, stock
8x8 is a cloud provider of voice, video, chat and contact centre solutions for more than one million users worldwide, while Wavecell offers SMS, chat apps, video interaction and voice solutions to help businesses enhance their customer experience.
Research partnership Roll-Royce@NTU Corporate Laboratory gets S$88m boost
THROUGH the renewed partnership, NTU and Rolls-Royce will implement the second phase of a corporate laboratory, with 29 projects focused on developing "novel technologies" focused on aircraft propulsion.
COE quota for August-October to fall 16.5% as record number opt to keep their old cars
THE quota for Category A (cars up to 1,600cc and 130bhp) will contract by 25.8 per cent to 2,112 a month. Category B (cars above 1,600cc or 130bhp) will be reduced by 8.6 per cent to 2,083 a month. The Open category shrinks by 5.3 per cent to 709 a month.
TT International investor to inject S$48m via convertible loan
THE purchaser, now an investor, may also at its option convert the full amount of the drawn down convertible loan of up to S$48 million into shares at a conversion price of S$0.01 apiece, conditional to conversion shareholder and regulatory approval.
SGX-backed CapBridge partners Hana Financial to extend reach in South Korea
THE tie-up will allow HFI to offer companies and investors in South Korea more access to private markets through CapBridge's private capital eco-system.
The STI today
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International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing