Daily Debrief: What Happened Today
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Best World confirms CEO's brother-in-law owns main customer in China, discloses other connections
BUT the company's board did not give a clear answer to queries by the Singapore Exchange (SGX) about whether import agent, Changsha Best Commodity Trading Co, is considered an independent party.
Fintech firm Marvelstone Group holds 'less than 1%' of media startup Tech in Asia
ACCORDING to regulatory filings by Marvelstone Group, the group held a S$135,050 investment in Tech in Asia at end-2017. It is the single-largest investment reported by Marvelstone Group according to these unaudited accounts, which reflected the most recent financial documents available when BT obtained them on Feb 1 this year.
MAS inks pact to promote fintech collaboration between Singapore and China
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Under the pact, both parties will facilitate greater cooperation among financial institutions in the two countries to benefit their consumers using fintech.
Swissco completes disposal of bulk of offshore support vessels business
THE OSV business disposal involved six of the group's subsidiaries including SOPL, Swissco International (SIPL), Swissco Maritime (SMPL), Swissco Ship Services (SSSPL), Swissco Asia (SAPL) and Singapore Marine Logistics (SM LOG).
Singtel Indonesia associate Telkomsel, partners create US$40m fund for startups
THE move will also involve the establishment of a fully owned subsidiary called Telkomsel Mitra Inovasi (TMI), a corporate venture arm which will forge partnerships with startups.
Corporate earnings
The STI today
Singapore shares slump 1.2% on Monday as US-China trade tensions mount
THE Straits Times Index (STI) finished at 3,234.28, down 39.22 points or 1.2 per cent on Monday.
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