Daily Debrief: What Happened Today (Jun 22)

Stories you might have missed

Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

[SINGAPORE] Telco-operator Simba has been ordered to pay S$698,594.50 in damages to Altitude Xperience, operator of indoor skydiving experience AltitudeX, for damages caused by using its rooftop space without paying rent. AltitudeX was formerly known as iFly Singapore.

Meet rental demand by letting developers keep ownership of some condo units without hefty penalties

[SINGAPORE] Building wealth from investing in private homes in Singapore can make sense given the country’s safe haven status in a turbulent world.

Singapore investors see SpaceX investment as a long-term bet on the future of the space economy

[SINGAPORE] Everyone is eager to climb onto the SpaceX bandwagon now, but Singapore-based technology entrepreneur and investor Lim Qing Ru had her eye on it as a promising investment back in 2021.

Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks

[SINGAPORE] The Court of Appeal has rejected the appeals almost in entirety by four former employees of the insolvent Envy group of companies over the clawback of commissions, profit-sharing payments and referral fees amounting to nearly S$38 million.

UK PM Starmer resigns; new leader to be in place by September

UK PRIME Minister Keir Starmer on Monday (Jun 22) announced he would resign, with a new leader to be in place by the time parliament returns in September.

Singapore dollar set to gain despite hawkish US Fed: analysts

[SINGAPORE] The Singapore dollar is poised to strengthen against the US dollar in the second half of the year despite a hawkish US Federal Reserve boosting sentiment towards the greenback, according to strategists.