Daily Debrief: What Happened Today

Stories you might have missed

Boom time for organisers as concerts roar back to life

CONCERTS have experienced a booming revival in Singapore, with demand surging past pre-pandemic levels since Covid-19 restrictions were lifted for large-scale live events and exhibitions, industry players said.

Thermo Fisher facility completes Singapore’s end-to-end vaccine manufacturing chain

A NEW sterile drug facility has been launched in Singapore by biopharmaceutical giant Thermo Fisher Scientific, representing the final step in enabling the Republic to engage in end-to-end vaccine manufacturing.

Singapore-US digital cross-border payment trial shows potential, but scaling up needed

A CROSS-BORDER digital payment experiment between Singapore and the US has shown that distributed ledger technology – a cryptographic way of recording transactions, can improve the efficiency of cross-border payment and settlements.

Singapore e-waste recyclers all charged up to sate appetite abroad

IN ONE year, the TES B battery recycling facility in Tuas can recycle about 5,000 tonnes of lithium-ion batteries. That works out to about 14 tonnes per day, the equivalent of about 280,000 smartphone batteries.

GIC to jointly acquire commercial assets in India at enterprise value of US$1.4 billion

GIC on Friday (May 19) said that it, in partnership with Brookfield India Real Estate Trust, will acquire two commercial real estate assets in India with an enterprise value of US$1.4 billion.

Corporate Earnings

• Frencken Q1 earnings down 59.5% to S$5.2 million amid ‘steep’ industry downturn

The STI today

STI rises 0.63% on US debt-ceiling optimism, upbeat macro data

SINGAPORE shares rose on Friday (May 19), fuelled by optimism over upbeat macro data out of the US and easing fears over the debt-ceiling crisis, which spurred overnight gains in Wall Street.