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Daily Debrief: What Happened Today
Singapore’s factory output declined 0.4 per cent in July from a year ago, beating economist forecasts of a drop of 5.8 per cent despite remaining in negative territory for the third consecutive month.
Cityneon Holdings has snagged a strategic investment from EDBI, the investment arm of the Singapore Economic Development Board, the company announced on Monday morning without disclosing the amount.
Singapore-based ride-hailing firm Grab is set to invest "several hundred million dollars" in Vietnam where the company sees its next major growth market, just weeks after it unveiled a US$2 billion plan in Indonesia.
Singapore Airlines (SIA) has banned a few models of 15-inch MacBook Pro laptops from all of its flights after Apple recalled those models of older generation devices.
The lenders of lithium miner Alita Resources have further extended the standstill period for a secured A$40 million loan (S$37.4 million) until 7pm on Aug 29.
Basslink, an Australian subsidiary of mainboard-listed Keppel Infrastructure Trust (KIT), experienced a trip in its under-sea electricity cable on Saturday morning.
The STI Today
Monday's performance in Asia's equity markets was expected after trade tensions between the US and China kicked into overdrive during the weekend. Its impact was felt in Singapore, with the local benchmark now posting losses on the year.