Daily Debrief: What Happened Today
Add BT as a preferred source
Stories you might have missed
WeWork bosses tell employees job cuts are coming this month
IN a meeting with employees, new co-chief executive officers Artie Minson and Sebastian Gunningham and co-founder Miguel McKelvey said the cuts will be handled as "humanely" as possible.
DBS must bulk up or lose fintech turf in South-east Asia
ALTHOUGH DBS is the most aggressive of Singapore's three homegrown banks, bigger international rivals are capturing prime deals in its backyard and the No 1 challenger is Citigroup Inc.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
THIS comes after the failed S$530 million rescue plan with Salim-Medco consortium SMI was aborted on April 4. Both Hyflux and SMI are now suing each other to claim a S$38.9 million deposit by SMI in an escrow account.
Trendlines: Proposed rights issue at 19.3% premium a better gauge of its value
CATALIST-LISTED startup incubator The Trendlines Group on Friday said that its current market price "does not properly reflect the company's value", and that its proposed rights issue priced at a 19.3 per cent premium to the counter's last trading price of 8.8 Singapore cents on Sept 26 would be a better gauge of the company's value.
SGX rejects Renaissance's revised application for new share subscription
THE Singapore Exchange (SGX) has rejected Renaissance United's reworked application to issue shares at a revised S$0.0011 per share price that would have netted the firm about S$1.4 million.
The STI today
Share with us your feedback on BT's products and services
