Daily Debrief: What Happened Today
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Grab secures US$1.46b investment from SoftBank Vision Fund; eyes growth in Indonesia
RIDE-HAILING firm Grab has secured US$1.46 billion of fresh funding from the SoftBank Vision Fund, bringing the total investment in its latest financing round to over US$4.5 billion.
MAS sets up technology group, makes senior management changes
THE new group will comprise MAS' existing data analytics group, its information technology department, as well as its technology & cyber risk supervision department.
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CAR dealers point to the return of parallel importers and private-hire players for the car premiums trekking northwards.
ESR-Reit secures S$155m loan facility; files proofs of claim against Hyflux
IT will comprise two tranches: a S$75 million term loan facility maturing 36 months from March 4, 2019, and a S$80 million term loan facility maturing in 48 months.
Worker outcomes tied to grant funding need not be wage increases: Koh Poh Koon
SENIOR Minister of State for Trade and Industry Koh Poh Koon reassured companies that Enterprise Singapore "will take a flexible approach on a one-to-one basis to understand the companies' needs and to help them scope the kind of workers' outcomes that will be relevant for them".
The STI today
Singapore shares close 0.35% lower on lack of market cues
THE lack of market catalysts on Wednesday meant that Singapore's Straits Times Index (STI) was, for the most part, static, before some profit-taking activity in the last half-hour of the session sent the benchmark index slipping to close at 3,222.84, down 11.23 points or 0.35 per cent.
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