Daily Debrief: What Happened Today
Stories you might have missed
Singapore manufacturing output dips 0.4% in July, beating forecasts
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 bags investment from Singapore's EDBI; to open new creative office here
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.
Ride-hailing firm Grab plans major investment in Vietnam
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.
SIA bans some models of 15-inch MacBook Pro from flights
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.
Alita Resources' lenders extend standstill again over A$40m loan default
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.
Keppel Infrastructure Trust unit Basslink's under-sea cable out of service until Tuesday
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
Singapore shares drop 1.5% on Monday; in the red for 2019
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.
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International
India tells spice makers to give details of quality checks after Hong Kong allegations
Eurozone business in services-led bounce in April, PMI survey shows
China’s surging steel exports are inflaming global trade tension
German business activity returns to growth in April, PMI survey shows
China’s LGFV borrowing costs drop to record low as investors bet on bailout
UK budget deficit overshoots in setback for Hunt’s tax cut plans