Daily Debrief: What Happened Today

Stories you might have missed

Foodtech darling Shiok Meats faces scale-up issues, employee allegations

LAB-GROWN seafood company Shiok Meats is changing tack after months of efforts to scale up production bore no fruit. The startup has lost half its staff in the last six months, and now faces allegations its core technology does not work.

Bankruptcy applications up to 959 in Q1 and may rise further; property foreclosures yet to pick up

INDIVIDUALS filed 959 bankruptcy applications in the first quarter of 2023, a slight uptick from the quarterly average of 912 applications in 2022.

PM Lee leads Singapore delegation to picturesque Labuan Bajo for Asean Summit

PRIME Minister Lee Hsien Loong is leading a delegation to the 42nd Asean Summit in Labuan Bajo, Indonesia that will take place on Wednesday (May 10) and Thursday, said the Prime Minister’s Office (PMO).

Launching in H2 2024: Digital platform for banks to share data on fishy transactions

A DIGITAL platform for financial institutions to upload and share information on suspicious activities and entities is expected to launch in the second half of 2024.

4 in 5 businesses in Asia want to expand overseas but face challenges: UOB study

MORE than 80 per cent of businesses in Asia are looking to expand internationally for revenue and profit growth in the next three years, but face challenges in finding overseas partners, and legal and tax support, according to the UOB Business (SME & Large Enterprises) Outlook Study 2023.

The STI today

Singapore stocks fall on Tuesday amid mixed regional trading; STI down 0.5%

SINGAPORE shares ended lower on Tuesday (May 9), as regional markets continued to see mixed trading.