Daily Debrief: What Happened Today

Stories you might have missed

Sabana-ESR merger: MAS says safeguards in place, manager notes 'fair' scheme

THE Monetary Authority of Singapore on Friday clarified that its regulatory framework does not prohibit a shareholder group from owning substantial stakes in two real estate investment trust (Reit) managers managing Reits invested in the same property class.

Singapore seeks 'quality' labour in new foreign worker rules: Chan Chun Sing

SINGAPORE will remain "open and connected" as a financial hub even as it tightens restrictions on foreign workers to protect local jobs amid the recovery from the coronavirus pandemic, Trade and Industry Minister Chan Chun Sing said.

OCBC seeks to put KS Energy under judicial management

OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary KS Drilling under judicial management, although the troubled offshore and marine group is suggesting an alternative solution.

Axington EGM postponed; company confirms resignation of director Kirk Wagar

AXINGTON'S board announced on Friday that an extraordinary general meeting that was scheduled for yesterday had been postponed.

CareShield Life starts Oct 1 for Singapore residents born in 1980 or later

CARESHIELD Life, which provides lifetime payouts of at least S$600 a month in the event of severe disability requiring long-term care, will start on Oct 1 this year.

Food caterer Neo Group to diversify into property business with Boldtek JV

NEO Group is looking to make its foray into property development, investment and management.

Corporate earnings

The STI today

STI ends trading week up 0.79% ; investors seek comfort in Fed's latest policy move

SINGAPORE stocks ended the week higher as investor sentiment was lifted by the Federal Reserve's move to prioritise a strong job market over inflation in its new approach to monetary policy.