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Daily Debrief: What Happened Today
Singtel on Thursday debuted its cross-border mobile payment alliance, VIA, in Japan through the StarPay platform by Japanese tech firm Netstars. This expands the VIA alliance’s footprint beyond Singapore and Thailand, the telco said in a joint media statement with Netstars.
Asset manager BlackRock Inc has ceased to be a substantial shareholder of Venture Corporation, after related entity the PNC Financial Services Group reduced its holdings in Venture Corp on July 22.
Nearly two-thirds of full-time workers in Singapore felt "vacation-deprived" last year, with about four in 10 saying they could not get enough time off work to use up their annual leave. Some 77 per cent said they would take a pay cut to get an extra day off.
Singapore's stock market has seen on average two companies a month on track to relinquish their listing status this year. This trend may not be reversing anytime soon.
Prices and rentals of industrial space in Singapore continued to remain stable in the second quarter of this year compared with the previous quarter, going by the latest data released by industrial land and infrastructure agency JTC Corp on Thursday.
- Cache Logistics Trust posts 6.9% drop in Q2 DPU to 1.321 S cents
- First Sponsor Q2 earnings up 24.7% to S$15.1m
- AA Reit posts flat Q1 DPU at 2.5 Singapore cents
The STI Today
Asian markets were trading mildly higher on Thursday, in line with a US session that saw earnings beat consensus estimates. Singapore's Straits Times Index (STI) followed Wednesday's mild dip with a gain of 12.82 points or 0.4 per cent to close at 3,381.26.